$1,975,000
$2,600,000
24.0%For more information regarding the value of a property, please contact us for a free consultation.
8,998 SqFt
SOLD DATE : 03/02/2026
Key Details
Sold Price $1,975,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,998 sqft
Price per Sqft $219
MLS Listing ID 4847818
Sold Date 03/02/26
Style Traditional
HOA Y/N No
Year Built 1960
Annual Tax Amount $18,265
Tax Year 2024
Lot Size 6,442 Sqft
Acres 0.15
Property Sub-Type Multi Family
Source recolorado
Property Description
NICE 13-UNIT APARTMENT BUILDING WITH GREAT INCOME AND FABULOUS POTENTIAL! Great solid-brick apartment building in great condition in desirable quiet residential neighborhood. Walking distance to south Broadway corridor, including restaurants, retail, and nightlife. Close to Baker & West Washington Park neighborhoods. Professionally managed building & well-maintained with solid, strong income and tremendous upside potential! Newer windows throughout building, 10 of 13 units have been totally remodeled over past few years. Secure building, four off-street parking spot, four balcony units - building consists of two studio, ten one bedroom, and one two-bedroom penthouse apartment. Low vacancy rate. 2024 Cap Rate was 4.79, but 06/2025 rent increases bring projected new Cap Rate of 5.92 with room for additional increases. Operating costs included remodeling expenses of some units. 2024 assessed value is $3,497,000. This is truly a rare opportunityto own a great income-producing multi-familly property with tremendous upside. Hurry - this property will not last long!
Location
State CO
County Denver
Zoning G-MU-3
Interior
Fireplace N
Exterior
Exterior Feature Balcony, Lighting
Parking Features Exterior Access Door, Lighted
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Roof Type Membrane
Total Parking Spaces 4
Garage No
Building
Lot Description Near Public Transit
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with NorthPeak Commercial Advisors, LLC
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