928 S Harrison St - 928 S Harrison St. 2 Unit Apartment Building Offered at $1,692,578 CAD at a 3.40% Cap Rate Denver, CO 80209

Excellent Belcaro duplex investment opportunity with built-in value-add potential.
Each unit currently offers 2 bedrooms, 2 bathrooms, a large den, and in-unit laundry, plus a 3-car carport.
Seller has already engaged a contractor who has assessed the property and provided a quote to convert the den in each unit into a third bedroom, resulting in two 3-bed/2-bath units.
The improvement would significantly increase rent potential and improve the overall cap rate.
Seller is offering a credit toward the bedroom conversion, and the contractor is available to complete the work post-closing with an acceptable offer.
Strong location between Cherry Creek, Bonnie Brae, and Washington Park, supporting excellent tenant demand and long-term appreciation.
Cap Rate: 3.4
Unit #1 2b/2ba + Den 1890 SF = $2,750
Unit #2 2b/2ba + Den 1890 SF = $2,175
Gross Income $59,100
Operating Expenses: $17,000
Insurance, Maintenance, Management, Property Tax Grounds Care,
Projected cap with 3/2 Conversion: 4.6
Unit #1 3b/2ba: $3,100/M
Unit #2 3b/2ba. $3,100/M
Gross Income $74,400
Operating Expenses: $17,000