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Old 08-14-2007, 01:13 AM
 
10 posts, read 14,210 times
Reputation: 10
Question Upcoming neighborhoods for appreciation?

We are locally in Denver but unfortunely pretty oblivous to the city itself. Given the real estate market condition now, we are looking into buying some rental properties for long term investments and would love to hear the comments from the Denver veterans here. Which communities are in the up and coming phase, which makes them still relatively affortable, but going up as a trend, particular in Denver? For experienced landlords here, which particular neighborhoods in Denver have better prespects for rental revenue? We'd like to keep the purchase price low so if we have to sell later it's easier. Thanks in advance!
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Old 08-14-2007, 09:01 AM
Status: "Ask me about Denver" (set 6 days ago)
 
Location: South Metro Denver and looking at houses
8,512 posts, read 18,464,775 times
Reputation: 4241
Neighborhoods near light rail, near shopping, coffee houses, eateries, jobs, and or good schools...read what buyers are looking for hear on this forum.

Typically, renters like houses where they can have the kidlettes walk to school.
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Old 08-14-2007, 02:07 PM
 
Location: Denver, CO
739 posts, read 2,035,979 times
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agree with 2Bindenver

to get more specific, I think neighborhoods like berkeley, highlands- but on the sloans lake side and potter highlands area are good for rental income. I think SFH is risky there b/c honestly I think we are going to see several families moving out of the area when they have kids b/c of the schools-most people I know over there are singles and couples w/ small, small children
also platte park near the Gates redevelopment site
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Old 08-19-2008, 02:38 AM
 
Location: Wash Park
96 posts, read 144,636 times
Reputation: 57
Default Gentrification is like a wave

Twenty years ago the pop-top/scrapeoff trend started in East Wash Park/Bonnie Brae. This reinvestment causes land and home values to rise in the immediate area. When the market cycle starts maturing, price pressure forces this reinvestment further out from the epicenter like a wave.

The southern crest of the Wash Park wave recently hit Old North Englewood, but hasn't yet reached Hampden.

A second epicenter germinated in the early nineties at 32nd and Lowell. It may be jumping north of I-70 very soon, and has kind of dead-ended on its way south at Colfax. If you have the cojones you will invest just south of Colfax because the West light rail line is going in there. Rental homes there are profitable right now, (because of very low prices combined with decent rents) but it's a challenging demographic for the landlord.
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Old 01-13-2012, 06:47 PM
 
Location: Wash Park
96 posts, read 144,636 times
Reputation: 57
This topic seems to be one of the most popular at the cocktail parties I go to (besides Tebow)
Villa Park still has a cheap (sub $100k) fixer come up every two weeks. They are going for 10k over asking price

Simultaneously, I hear the market has already turned around for NICE homes under $200k. I'm putting a little home up for sale this week for $109k with granite and hardwood, so let's see if it's true.
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Old 09-02-2012, 12:16 PM
 
Location: Wash Park
96 posts, read 144,636 times
Reputation: 57
This is my favorite topic so forgive me for reviving on old thread:

I'm helping rehab a short sale in West Colfax right now. It took six months of concentrated effort to find a good deal, then 3 months of waiting for the short sale approval. Meaning West Colfax is already past the point of finding great deals.

Other neighborhoods that have recently passed the point of easy "bottom feeding":

Villa Park
The east side of Overland
Baker, even the West side
Old Englewood
Most of Globeville
Chaffee Park
Sunnyside

Note that most of Southeast Denver never had homes available for significantly less than rent. There are lots of condos there, however, but that's a different topic.

So the only neighborhoods left with great upside:
Barnum
Overland, west of Santa Fe (next to the Platte River)
Valverde
Athmar Park
Ruby Hill
College View
East Colfax (east of Syracuse)

Lower Tier neighborhoods with good potential in the longer term:

Elyria/Swansea
Westwood
MAYBE Montbello & GVR

All the neighborhoods I didn't mention are already picked over. Good deals can occasionally be found throughout the city, but it's just too much work to find them, and too much competition to buy them.
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