5530 Grove St
About This Property
PUD Planned Unit Development:
PUD is a form of development generally characterized by a unified site design for clustering buildings and providing common open-space, density increases, and a mix of building types and land uses. The process involves site plan review, during which the city agencies and neighborhood residents have considerable input in determining the nature of the development. In effect, any PUD is a specific zone district for a specific area, including precise regulations written by the applicant, and when approved by City Council, is enforced by the city. It allows maximum flexibility during the planning stage and maximum assurance that exactly what is proposed will be developed.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 12, 2024 | Sold | ||
| Sold | |||
| Nov 14, 2024 | In contract | - | |
| In contract | |||
| Oct 3, 2024 | Listed by Brix Real Estate LLC | $399,900 | |
| Listed by Brix Real Estate LLC | |||
| | |||
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1. Renovated Interior: Step inside to discover a thoughtfully renovated interior, featuring gleaming hardwood floors and an open concept design that flows seamlessly from room to room. The heart of the home is the stunning kitchen, complete with granite countertops and stainless steel appliances. Cooking and entertaining are a breeze in this space, which boasts both style and functionality.
This home offers three generously sized bedrooms, each designed for comfort and relaxation. Whether you're starting a family, need a home office, or hosting guests, you'll find the perfect space to meet your needs.
The bathroom has also been upgraded with modern fixtures and a clean, contemporary design, ensuring that your daily routines are both stylish and convenient.
Enjoy the Colorado sunshine and host outdoor gatherings in your private yard. The lush green space offers a serene escape from the hustle and bustle of the city.
You won't have to worry about parking with plenty of off-street parking spaces available for you and your guests.
Currently, the property is being utilized for short-term rentals, generating significant income well beyond the returns of traditional long-term rentals. This makes it an excellent investment opportunity for those looking to maximize their property's income potential.
Location: This home is ideally situated near Regis University, making it perfect for students, faculty, or anyone who values proximity to this esteemed institution. Additionally, the trendy Berkeley neighborhood offers a vibrant mix of restaurants, shops, and cultural attractions, ensuring you're never far from entertainment and convenience.
Don't miss your chance to own a remodeled, income-generating property in this prime location. This charming 3-bedroom home offers a fantastic opportunity for both homeowners and investors alike. Contact us today to schedule a viewing and secure your piece of Denver's vibrant real estate market.
| |||
| Jun 27, 2024 | Price Decreased |
$414,900
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Jun 16, 2024 | Price Decreased |
$419,900
↓ $5K
(1.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017