5242 Columbine Ln Denver, CO 80221
- Residential income homes
- 4,236 SF
Current Use by Public Records
- Residential income homes
Property Details for 5242 Columbine Ln
- Year built
- 2024
- Property size
- 4,236 SF
- Property type
- Residential income homes
Description
This exceptional, newly constructed duplex in Denver's desirable Berkeley neighborhood presents a compelling investment opportunity. Boasting a 6.2% cap rate and a substantial $88,800 NOI, this Class A property offers two identical, spacious 5-bedroom, 3-bathroom units, each approximately 2118 square feet. Built in 2024, the property features a total of 4,236 square feet of net rentable space on a 9,800-10,000 square foot lot. Each unit includes modern amenities such as Energy Star appliances and high-efficiency HVAC systems, contributing to its pending LEED Gold certification. Designed with tenant comfort in mind, each unit offers a main-level bedroom, enhancing accessibility. Ample parking is provided with oversized two-car garages featuring EV charging stations. The property's prime location near Regis University and the Tennyson Street district ensures strong rental demand, making it ideal for both student and long-term family rentals. Currently vacant, this turnkey investment is ready for immediate rental income. The asking price is $1,455,000, or $727,500 per unit, with a price per square foot of $343.48. The property is zoned residential and is offered for sale by the owner. Self-tours are available at a staged unit.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Adams
- State
- Colorado
- Longitude
- -105.0185164
- Latitude
- 39.7918104
