647 Clermont St
About This Property
Inside, the home features an open concept, hardwood floors, central A/C, two wood-burning fireplaces, and abundant natural light. The kitchen is equipped with granite countertops, stainless appliances, cherry cabinets, and a breakfast bar to enjoy meals or your morning coffee. Both the primary and secondary upstairs bedrooms are well situated to allow any configuration. The primary bathroom features a number of tasteful remodels and huge skylight.
Downstairs, there is a laundry area with utility sink, secondary refrigerator, and ample storage. The downstairs bedroom includes a HUGE walk-in closet that will accommodate any wardrobe. And enjoy the well-lit secondary living space (with fireplace) as a den, office, rec room, workout space...the possibilities go on.
Outside, enjoy relaxing on either the front or back patio. Access the two-car garage from the wide private driveway-no alley access necessary. The low-maintenance backyard is your oasis in the city, and features a covered patio to enjoy Denver's wonderful weather, plus a shed for neat storage of all of your tools.
Walk to Cranmer Park or the many nearby businesses including Trader Joe's, Postino, Snooze, La Fillette Bakery, and Sushi Harbor, and take advantage of some of Denver's best-rated schools (Stock Elementary and Hill Middle School). Plus, enjoy being just minutes from Cherry Creek, City Park, and so many of the great amenities the city has to offer.
This is truly one of the best locations in the city of Denver. Please check out the video tour for more: https://youtu.be/zipSYCn6iu0
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017