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The dying Denver duplex - why your qualified buyer can't buy a duplex

Denver County is a unique county with respect to duplexes, because they are very willing to let you split them and sell as attached homes fairly easily. Because of that, I have a ton of trouble finding duplexes in decent hoods under 300K for the investor who wants to live in one and rent the other (many times an FHA buyer). They don't want to buy the run down cash flow duplexes along Colfax or MLK for $140,000 to $150,000 - they want one in a relatively nice hood.

Does anyone share the same problem and is there strategies for these buyer's (who are often a little slower to pull the trigger) to obtain a duplex in Denver county?

To search for duplexes you can go to: www.findmyhomedenver.com and see if you can find any duplexes in that price range now.

Posted by Drew Armbruster on 02/12/2009 11:04 AM

Comments (2)

Can You Buy a Duplex? in the Home Buying Channel

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2 Comments on The dying Denver duplex - why your qualified buyer can't buy a duplex

FEB

We do not have the same problem here in Tahoe. Most of the duplexes are not owner occupied. We have a good supply, but the numbers still just dont seem to work!

I guess I shouldn't say we don't have a supply as we do if you are willing to spend over $350,000 for the duplex. Most of those listings have been sittting on the market (180 days plus) for the very same reason you have in that the numbers just don't work.

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