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$1,475,000
Est. payment /mo
0.25 Acres Lot
UPDATED:
12/05/2024 05:07 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2880123
HOA Y/N No
Originating Board recolorado
Year Built 1947
Annual Tax Amount $7,184
Tax Year 2023
Lot Size 10,890 Sqft
Acres 0.25
Property Description
This well-maintained 8-unit apartment building offers an incredible chance to invest in one of Denver’s most sought-after
areas. Each unit features 1 bedroom and 1 bathroom, with 3 of the 8 units already renovated, presenting significant upside
potential. Renovate the remaining units to unlock even higher rental income. The property sits on a large 10,935 sq. ft. lot
and includes five dedicated parking spaces. With a projected cap rate of 6.9% once rents are increased and parking fees
are implemented, this property promises strong returns. Located within walking distance to popular restaurants, public
transportation, and all the vibrant hotspots of Highlands and LoHi.
areas. Each unit features 1 bedroom and 1 bathroom, with 3 of the 8 units already renovated, presenting significant upside
potential. Renovate the remaining units to unlock even higher rental income. The property sits on a large 10,935 sq. ft. lot
and includes five dedicated parking spaces. With a projected cap rate of 6.9% once rents are increased and parking fees
are implemented, this property promises strong returns. Located within walking distance to popular restaurants, public
transportation, and all the vibrant hotspots of Highlands and LoHi.
Location
State CO
County Denver
Zoning U-TU-B
Interior
Fireplace N
Exterior
Roof Type Other
Total Parking Spaces 5
Garage No
Building
Lot Description Landscaped, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
Sewer Public Sewer
Structure Type Concrete,Stucco
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 Live West Realty • Benny@livewestrealty.com,303-818-6236
