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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 Under Contract
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
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Cindy Dassinger
REALTOR® | Lic# 019034