4719 S Pearl Street, Englewood, CO, 80113

Two great rental units under one roof. A duplex in a single-family neighborhood. This cash-flowing investment property sits on an enormous 12,850 square foot lot. It combines the appeal of quiet residential living with immediate steady cash and future redevelopment possibilities. Each unit is an efficient 1BR/1BA with its own gas and electric meter. Englewood public water is on a shared meter, and a working well produces free unmetered water for irrigating the massive lawn. The north unit (4719 Pearl) has a reliable long-time tenant, and is leased thru July 2023. The south unit (4725 Pearl) has a new tenant incoming on April 1, and is leased thru March 2024. Significant opportunity for rent increases with current rate approximately 20 percent below market. The garage is duplexed as well, divided by a wall with storage galore and one parking space per side. Plus tons of additional parking on the street and just off the low-traffic cul-de-sac alley. Englewood is considering changes in zoning that would allow single-family homes to appear on lots 50 feet wide. Here we have 100 feet of lot frontage; and with a lot split, potential for two single-family lots! This property is the perfect house hack, cash-flowing income investment, and land-bank play pending zoning code revisions.