If you are in the market for Denver investment properties, focus your search on rental homes that are in Denver’s hippest neighborhoods. Most young people and baby boomers like to live in a walk-able community that’s close to the hottest bars, restaurants, neighborhood gardens and the light rail stations. A lot of Denver-area renters have money to spend. They expect a rental unit with upgrades, modern layout and trendy design features. It is also important to invest in a neighborhood that’s worth bragging about. If you aren’t familiar with all Denver has to offer, work with an experienced Realtor and consider this go-to guide for the local attractions that appeal to renters. When buying an investment property, remember homes, condos and townhouses with at least three bedrooms and two bathrooms rent out the quickest because most renters have families or roommates.
- Close to a community garden
If you can find an investment property for sale that’s within walking distance to a community garden, it will appeal to the environmentally-friendly renters today. Denver is home to more than 100 urban, community gardens. It’s especially a perk if you own a rental that doesn’t have a yard or has a small yard. To learn about locations for Denver’s community gardens, visit dug.org. Another in-demand feature ideal for gardens is a rental with a rooftop deck for container gardening.
- Close to downtown entertainment
Another option is to find an investment property in the downtown Denver area or a neighborhood within walking distance to museums, restaurants and cultural attractions. For example, some people love living near the Denver Museum of Nature and Science or The Children’s Museum of Denver.
- Close to recreation and hiking trails
When giving tours to prospective tenants, you or your Denver-area property manager will fill them in on the different recreation that is close to the rental unit. Some great areas include the Cherry Creek Trail and Washington Park. If you buy a townhouse as an investment in the Sloan’s Lake area, your tenants can walk or bike a 3-mile path that circles Sloan’s Lake.
Other ideas include owning a rental near popular wine bars in Uptown or Congress Park. For those who want to get to work or to different shopping destinations, it’s convenient to live near buses and light rail. The Regional Transportation District (RTD) operates a light rail mass transit network in Denver that is extremely popular with millennials who rent. If you want to explore the possibilities of investing in Denver’s hippest neighborhoods, make your life stress-free by relying on a Realtor who specializes in downtown Denver.