Multi family units in Denver

[Josh Keys]

Is anyone able to offer any advice on the above? I know that the returns may not be be as high as other areas of the US but if anyone could guide I would appreciate it.

As an example, looking at a duplex in Aurora for $115k

Gross rent $14k
Taxes 1.5k per year.

[Jon Holdman]

Your figure of $14K gross rents is, I assume, the entire place. That's only $583 a month per unit, $1167 total. No way is that worth $115K.

Those are very low end rentals. A small 3/1 there is going for $900 or so (I have one). A 1/1 in one of the numerous apartment building is $500. I wouldn't buy duplexes with 1/1s because there's so much competition from these apartments.

Aurora has become very competitive in the good rental areas. Tough to find a deal there.