River North (RiNo) in Denver

[Stuart Crowell]

This is a general post about the SPARK development in RiNo. If you're looking to place either 1031 dollars or find a good single family home investment in Denver's core don't over look SPARK. About half of the 20+ units already sold in the building are currently being used as short term rentals and performing VERY well. There's a 1 bedroom on Arapahoe that grossed over $4K last month in short term rent income. They won't likely cash flow through conventional financing but there aren't that many developments (especially new construction) in Denver that allow for short term rental. Many units are still available under $500K. PM me if you're interested in more information. Hopefully this helps someone!