2401 39Th Ave Denver, CO 80211
This exceptional investment opportunity presents two fully renovated, 1-bedroom, 1-bathroom townhomes located at 2401 and 2405 W. 39th Ave in Denver's desirable Sunnyside neighborhood. Completed in 2024, each unit boasts 596 square feet of modern living space featuring quartz countertops, vinyl flooring, and Energy Star appliances. The units offer an efficient layout and are designed for comfortable living. This turnkey investment property requires minimal maintenance, promising immediate rental income. The strong rental potential is further supported by a projected 6.0% cap rate and the prime Sunnyside location, boasting a Walk Score of 83, providing easy access to parks, public transportation, dining, and shopping. The absence of HOA fees reduces ongoing expenses, while residents can easily obtain resident parking permits through the City of Denver. Electric is individually metered, while water is shared between the units, governed by a party wall agreement. The total square footage is 1,192, with a net rentable area of 1,192 square feet. The property is zoned residential, built in 1953, and sits on one story. This is a value-add investment opportunity, classified as Class A, with a total asking price of $650,000 and a current NOI of $39,000. The property is currently vacant. This packaged deal offers a rare chance to acquire two high-quality, income-generating properties in a rapidly growing Denver neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.