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$4,025,000
Est. payment /mo
0.43 Acres Lot
UPDATED:
01/28/2025 10:40 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 9276857
HOA Y/N No
Originating Board recolorado
Year Built 1982
Annual Tax Amount $23,936
Tax Year 2023
Lot Size 0.430 Acres
Acres 0.43
Property Description
• 6.65% Current CAP Rate!
• Rare Opportunity to Purchase 1980's Construction in Denver
• Newer Roof, Windows and Electric Panels
• Just 5.55% Current Vacancy = Immediate Rental Upside
• Proforma Rents Already Being Achieved
• Strong Neighborhood Demographics: $107,560 Average Household Income in Two Mile Radius
• Less than One Mile to Gates District Redevelopment and Broadway Light Rail Station
• Quick Access to I-25, US Hwy 85, Downtown Denver, Denver Tech Center and Rocky Mountains
• Walk to Public Transportation, Parks, Restaurants and Places of Employment
• Rare Opportunity to Purchase 1980's Construction in Denver
• Newer Roof, Windows and Electric Panels
• Just 5.55% Current Vacancy = Immediate Rental Upside
• Proforma Rents Already Being Achieved
• Strong Neighborhood Demographics: $107,560 Average Household Income in Two Mile Radius
• Less than One Mile to Gates District Redevelopment and Broadway Light Rail Station
• Quick Access to I-25, US Hwy 85, Downtown Denver, Denver Tech Center and Rocky Mountains
• Walk to Public Transportation, Parks, Restaurants and Places of Employment
Location
State CO
County Denver
Zoning G-MU-5
Interior
Fireplace N
Exterior
Utilities Available Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Connected
Roof Type Membrane
Total Parking Spaces 30
Garage No
Building
Lot Description Irrigated, Landscaped, Near Public Transit
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Pinnacle Real Estate Advisors • NEWELLTEAM@PINNACLEREA.COM,303-962-9559
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