4 Beds
4 Baths
1,981 SqFt
4 Beds
4 Baths
1,981 SqFt
Key Details
Property Type Other Types
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,981 sqft
Price per Sqft $479
Subdivision Washington Park West
MLS Listing ID 6883828
Bedrooms 4
HOA Y/N No
Year Built 1900
Property Sub-Type Quadruplex
Property Description
The building has a history of staying full, with strong, consistent rental demand. The unit mix is two 2-bed/1-bath units and two 1-bed/1-bath units. The units were renovated with updated kitchens and baths, so a new owner has minimal near-term capital needs. Current rents produce a 5.50% cap rate at list price, with upside to a 6.04% pro forma as rents move to market.
Location drives the demand. The property is just a short walk from the I-25 & Broadway light rail station, one of Denver's busiest transit hubs, and close to Washington Park, the South Broadway shops and restaurants, and quick routes to Downtown and I-25. Residents also have off-street parking, on-site laundry, basement storage and a fenced shared patio.
A turnkey, fully leased asset with in-place income and room to grow, well suited to a 1031 exchange or a first step into small multifamily. Offering memorandum, rent roll and financials available upon request. Please do not disturb tenants. All showings by appointment with listing broker only.
Location
State CO
County Denver
Zoning U-TU-B2
Rooms
Basement Partial
Interior
Heating Radiant
Cooling Air Conditioning-Room
Exterior
Roof Type Composition
Private Pool No
Building
Lot Description Level
Story Two
Sewer Community
Schools
School District Elementary: Denver 1, Middle/Junior: Denver 1, High: Denver 1
Others
Senior Community No
Tax ID 5156-07-016
Special Listing Condition None Known
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Nearby Locations
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