2212-2216 S Cherry St Unit 2216, Denver, CO 80222

Property Description

THE LISTING PRICE OF $2.4MM IS FOR THE PURCHASE OF BOTH DUPLEX UNITS. IF SOLD INDIVIDUALLY, THE PRICE WILL BE $1.2MM PER UNIT. ALL UNITS HAVE THREE BEDROOMS AND TWO BATHS. THE BASEMENT BEDROOM IS NON-CONFORMING. Prime Denver Investment Opportunity: Fully Renovated, Turnkey Duplex Properties. 2200-2208 S. Cherry Street is Duplex #1, and 2212-2216 S. Cherry Street is Duplex #2. Located in the heart of Denver, 2200–2208 S. Cherry Street offers a rare, highly flexible investment opportunity. Set on a large, sprawling lot, this offering includes two side-by-side duplex properties. Buyers can purchase a single duplex independently or acquire both buildings to maximize their portfolio. Each duplex offers two luxurious 2-bedroom, 1-bathroom units, completely renovated with high-quality finishes. Substantially updated inside and out, these properties offer a true turnkey experience with minimal deferred maintenance. The units at 2200 and 2208 are offered fully furnished. Each unit includes a complete appliance package, including a refrigerator, oven/range, microwave, dishwasher, and an in-unit washer and dryer. Solar panels have also been installed on the property, sharply reducing utility bills and significantly improving the owner’s net operating income. These properties are located in a great central Denver location, close to restaurants and retail. The property is fully furnished and beautifully updated, perfect for corporate relocations, traveling professionals, and extended-stay tenants. These units have demonstrated exceptional revenue, with market rental rates up to $5,000 per month. (Seller does not warrant or guarantee that current or future market rents will reach this specific range in today’s marketplace.) Potential buyers are highly encouraged to research Denver’s rising demand for fully furnished apartments. There are 5 off-street parking spaces that can be divided as desired between the two duplex properties.