90th Place (duplex)

The property was trashed when we purchased it and needed about $120K in materials and labor to get it looking brand new on the inside. It has stayed full for three years straight, grossing $4,900-5,000 per month in rents, between both sides. Operating costs and taxes are not too high in Westminster, and we got this loan during the rush of 2021 to refinance when rates were in the 3s for investor. A great deal!



Date Purchased: April 2021

Purchase Price: $385,000

Purchase Terms:  Fannie Mae 30 year, 3.5%

Exit Plan: This duplex has been full for 3 years and rents well.  Comps are strong and when interest rates drop we expect them to cross the $1m mark nearby.  For now, we can borrow against this asset to finance other projects or renovations and it cashflows well in the meantime.

Location: Westminster, Colorado, United States