In the last three years, a whopping 35,000 people have moved to Denver, which shows how popular the Mile High City has become.
Familiarizing yourself with the main neighborhoods helps you choose one that will be popular with tenants for years to come. But if you're unfamiliar with the area, you likely have no idea where to start your search.
If this sounds like your situation, you've come to the right place. Here are the neighborhoods where you should start real estate investing.
Chaffee Park
Chaffee Park is one of the best places to invest in Denver. The up-and-coming neighborhood gives residents easy access to the city and is a vibrant area to live in. Because of this, investors can land a well-priced property that is guaranteed to appreciate in the next few years.
Rosedale
A booming area of the Denver real estate market lies in Rosedale. Located in South Denver, Rosedale attracts families as it's famous for its great public schools and walkways. Residents love how you can easily visit downtown, giving you the best of both worlds.
North Capitol Hill
Otherwise known as Uptown, this neighborhood offers convenient and diverse entertainment options that tenants love. The beauty of North Capitol Hill is that it has a blend of historic and contemporary charm, giving it a unique flair. However, it's important to note that there can be parking issues as it's an urban location, so keep that in mind during your search.
Cherry Creek
If you're looking for investment properties in Denver, check out Cherry Creek. It sits southeast of the city and is renowned as being the upscale part of the city. Cherry Creek is the go-to because of the parks, golf courses, and many entertainment opportunities that residents love.
Park Hill
One of the top real estate investment tips is choosing somewhere timeless. This is where Park Hill comes in, a suburban neighborhood popular with professionals and families. Tenants love how it's a pocket of tranquility, giving them a break from the hustle and bustle of downtown.
Lower Highland ("LoHi")
Lower Highland, or "LoHi", is a great destination for investors as you will attract a young demographic. As it's close to local hotspots, you're guaranteed a steady stream of applicants desperate to live in the area.
But regardless of the neighborhood you choose, investors must work with a Denver property management company. These professionals will market your property and screen tenants, which reduces the risks of evictionsor property damage.
Best Neighborhoods for Real Estate Investing
Now that you know the best neighborhoods for real estate investing, it's time to browse properties in Denver, CO.
At PMI Foothills, our great team has years of experience pairing investors with their dream properties. We appreciate that property investing is a property, which is why we take on the daily tasks, so you can focus on growing your portfolio.
If you're interested in our services, we'd love to hear from you. Reach out to us today to chat with a member of our team.
