601 Colorado Blvd
About This Property
The main floor living room features a vaulted ceiling with huge windows and wall-to-wall mirrors that flood the space with light. Next to the living room, a dedicated dining space features a large buffet counter with a wine fridge and a built-in bar cabinet, ideal for entertaining guests or enjoying family meals. The kitchen is a chef's dream: adorned with many cabinets, gorgeous marble countertops, and newer updated appliances. The large master bedroom includes its own small patio and two closets while the remaining 2 bedrooms serve perfectly as an office and guest bedroom.
The lower level has its own separate entrance, perfect for use as an in-law rental suite. The renovated 1br/1ba suite has a full kitchen and additional non-conforming room that can be utilized as an office, dining, or storage space. Previous long-term rental history on Airbnb demonstrates an average monthly income of $1750!
Outside, a small outdoor space awaits, featuring a deck and patio that can be accessible and shared between all residents.
This home offers easy access to the city and the greater Denver area. Walk 5 minutes to find the vibrant 9th+CO shopping district, offering groceries, restaurants, cafes, boutiques, salons, and a movie theater, providing endless entertainment options at your doorstep. Venture further and find the Cherry Creek shopping district a quick 5-minute drive away!
Recent home upgrades include a new electrical panel installed last year and a Mitsubishi cold-climate heat pump system, providing efficiently zoned AC and heat to every bedroom and living space. The property also features a 1-car detached, heated garage with a level-2 EV charging outlet.
Don't miss the opportunity to make this exceptional property your new home! Schedule a showing today and experience the best of Congress Park living.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 31, 2024 | Sold | ||
| Sold | |||
| Jun 27, 2024 | In contract | - | |
| In contract | |||
| Jun 3, 2024 | Price Decreased |
$720,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
| May 19, 2024 | Price Decreased |
$730,000
↓ $15K
(2%) | |
| Price Decreased | |||
| May 12, 2024 | Price Increased |
$745,000
↑ $25K
(3.5%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017