Excellent investment opportunity near Regis University. Renovated turnkey currently generating $79,200 ($1,650 per unit x 4) of gross revenue all for under a Million! This is a side by side Duplex being operated as a non-conforming Quadplex. 8 beds, 4 baths, 4 kitchens, 4 Livingroom's, 4 washer/dryer hook-ups, 4 entrances, 2 furnaces. Two entrances front upper/ two entrances back lower. Renovated throughout with New roof, new gutters, new windows, new paint, new laminate, newer carpet, renovated bathrooms and kitchens. Two oversized 1-car garages, one currently included in a lease, one available for owner use or lease to tenant for additional income.

Great potential future redevelopment opportunity (large 13,300 lot) to scrape and build two high-end duplex buildings with mountain views (See examples one block to the west on Raleigh). Buyer to verify all future zoning and redevelopment uses.

The EXCLUSIVE 2.5% CRA Incentive Program
5355 QUITMAN ST is located in a "low" or "moderate" income federal census tract. This allows buyers to potentially qualify for 2.5% pricing incentive based on the loan amount. Only federal banks are required to meet the strict guidelines as part of the Community Reinvestment Act.
Guardian Mortgage is offering a 2.5% pricing incentive on MOST loan types for your listing. This incentive significantly lowers closing costs, allowing the borrower more flexibility. There is no cost to this to the buyer or the seller for participation with this incentive. The only requirement is that the buyer finances through Guardian Mortgage. Investors and second-home buyers are also potentially eligible with certain qualifications.
If the pricing incentive is applied to buy down the interest rate on a 30-year fixed rate mortgage, then savings can be significantly below standard rate options available in the market!
Please reach out with any questions,
Ryan DeSchryver
Mortgage Branch Manager
NMLS #582899
[email protected]
C:(208) 755-1088