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$ 2,100,000
Est. payment | /mo
5,286 SqFt
$ 2,100,000
Est. payment | /mo
5,286 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,286 sqft
Price per Sqft $397
MLS Listing ID 2126553
HOA Y/N No
Year Built 1888
Annual Tax Amount $8,337
Tax Year 2023
Lot Size 4,762 Sqft
Acres 0.11
Property Sub-Type Multi Family
Source recolorado
Property Description
Priced Reduced to sell. Now, a 6.3% cap rate. This chic, modernized 8-unit multifamily investment property is ideally located in the esteemed Cheesman Park submarket, featuring strong rental income, and there is assumable interest-only debt at 3.34%. The property glows with a fully custom, contemporary renovation inside and out, seamlessly blending old-world charm with modern allure. With a new roof featuring solar technology, 3 garages, storage, and updated furnace and hot water heaters, this 5,286 SF building with 8 units is a true turnkey investment. The addition of onsite laundry, a gated patio with a fire pit, and inviting outdoor common areas enhances its appeal for residents. Zoned G-MU-3, this property embodies the essence of sophisticated urban living, making it an enticing prospect for multifamily investors seeking a unique, updated, strong performing, apartment asset. Attractive assumable debt at 3.34% interest-only and 10% cash-on-cash return. Can be purchased with 1568 Vine Street (6 units).
Location
State CO
County Denver
Zoning G-MU-3
Interior
Fireplace N
Exterior
Garage Spaces 3.0
Roof Type Solar Shingles
Total Parking Spaces 3
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Others
Special Listing Condition None
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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
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
8300 E Maplewood Drive Ste 100, Greenwood Village, Colorado, Other