1319 Elati St, Denver, CO 80204

Property Description

Positioned in the heart of Denver's Golden Triangle/Civic Center neighborhoods and just minutes from the Auraria Campus, this renovated duplex presents a rare investment opportunity in one of Denver's most desirable urban locations. The upper residence offers 3 bedrooms and 1 bath, while the lower residence features 2 bedrooms and 1.5 baths. The main-level unit is vacant and available immediately, and the upper-level unit will be available July 1, providing the opportunity to establish market rents, occupy one unit while leasing the other, or maximize income potential. Thoughtfully updated in 2018, the property blends modern convenience with historic character, featuring stunning original woodwork, decorative fireplaces, hardwood floors, separate entrances, individual HVAC systems, and in-unit laundry. A substantial unfinished basement provides exceptional storage, while four dedicated off-street parking spaces offer a highly sought-after amenity rarely found in this central Denver location. Enjoy exceptional accessibility with a Walk Score of 94, Transit Score of 78, and Bike Score of 97. Ideally located near CU Denver, MSU Denver, Community College of Denver, downtown employment centers, museums, restaurants, and public transit, this turnkey property offers exceptional flexibility and long-term investment value. Historical gross income was approximately $58,200 annually, and with both units becoming available for occupancy, investors have the opportunity to establish market rents and further enhance income potential.