1138 N Clarkson St - Apartments FOR SALE


Denver, CO 80218- Capitol Hill | 
$995,000 USD
720-738-1671
1138 N Clarkson St, Denver, CO for Sale
$995,000 USD
Apartments - FOR SALE
1/38
null | 6.17% Cap Rate

1138 N Clarkson St
Denver, CO 80218
Capitol Hill


HIGHLIGHTS

  • Ideal Owner-Occupant Opportunity
  • Prime Capitol Hill Location
  • Recent Capital Improvements
  • Attractive Unit Mix
  • Large Communal Backyard
  • Four Off-Street Parking Spaces

OVERVIEW

1138 Clarkson St. is a charming four-unit mansion conversion located in the heart of Denver’s Capitol Hill neighborhood. Just blocks from Ideal Market, King Soopers, Cheesman Park, and the neighborhood’s numerous dining and entertainment options, the property benefits from a highly desirable Central Denver location. The building features an attractive unit mix consisting of one studio, two 1bed/1bath units and one 2bed/1bath unit, along with common-area laundry, a large communal backyard, and four off-street parking spaces. Ownership has made a number of improvements to the property in recent years, including a new roof in 2022, a new tankless water heater, revamped front and rear landscaping, refreshed common areas, and some cosmetic updates to select units. Combined with the building’s historic character, four off-street parking spaces, and a great location in Capitol Hill, 1138 Clarkson is a unique opportunity for both investors and owner-occupants. The property also offers a full basement with ample storage space for tenants, presenting further development potential or additional storage income opportunity.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$354 USD /SF

# OF UNITS

4

PRICE/UNIT

$248,750

CAP RATE

6.17%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1892

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,691 SF

ZONING

G-MU-3

APN/PARCEL ID

5022-29-005

ASK ABOUT THIS PROPERTY

Greg JohnsonNorthPeak Commercial AdvisorsMore Info
720-738-1671

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Greg JohnsonNorthPeak Commercial AdvisorsMore Info
720-738-1671

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.