Excellent Belcaro duplex investment opportunity with built-in value-add potential. Each unit currently offers 2 bedrooms, 2 bathrooms, a large den, and in-unit laundry, plus a 3-car carport. Seller has already engaged a contractor who has assessed the property and provided a quote to convert the den in each unit into a third bedroom, resulting in two 3-bed/2-bath units. The improvement would significantly increase rent potential and improve the overall cap rate. Seller is offering a credit toward the bedroom conversion, and the contractor is available to complete the work post-closing with an acceptable offer. Strong location between Cherry Creek, Bonnie Brae, and Washington Park, supporting excellent tenant demand and long-term appreciation. Cap Rate: 4.78 Unit #1 2b/2ba + Den 1890 SF = $2,750 Unit #2 2b/2ba + Den 1890 SF = $2,750 Gross Income $66,000 Operating Expenses: $17,000 Insurance, Maintenance, Management, Property Tax, Grounds Care, Projected cap with 3/2 Conversion: Over 5! Unit #1 3b/2ba: $3,100/M Unit #2 3b/2ba. $3,100/M Gross Income $74,400 Operating Expenses: $17,000