1195 Birch St - Apartments FOR SALE


Denver, CO 80220- Hale
$1,860,000 USD
303-320-4004
1195 Birch St, Denver, CO for Sale
$1,860,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

1195 Birch St
Denver, CO 80220
Hale


HIGHLIGHTS

  • Located in the vibrant Hale neighborhood, the property offers convenient access to various amenities

OVERVIEW

1195 Birch Street in Denver's Hale neighborhood is a well-maintained, six-unit townhome-style building constructed in 1949. The property encompasses a total of 5,386 square feet and is situated on a 0.11-acre corner lot. Building Style: Traditional, two-story brick construction. Unit Mix: Three 2-bedroom, 1.5-bath units and Two 1-bedroom, 1-bath units One studio apartment Total Square Footage: 5,386 sq ft Lot Size: 0.11 acres (4,969 sq ft) Zoning: G-MU-5 (General Urban – 5 stories max) Year Built: 1949 Roof: Concrete Parking: Detached 3-car garage with concrete parking spaces Laundry: Coin-operated facility in a separate outbuilding Storage: Three storage sheds generating additional income Utilities: Public water and sewer; natural gas, electricity, and internet access Security: Secured garage parking and carbon monoxide detectors Pets: Allowed(coldwellbankerhomes.com, zumper.com) Nearby Attractions: Rose Medical Center Snooze (popular breakfast spot) Trader Joe's Swing Thai Chook Kochi Cafe Frank & Roze Coffee Co. culinary drop out AMC 9 + co 10 movie theater Lindsley Park (just a short stroll away) Public Transit: Approximately 8 minutes to public transportation ??? Recent Improvements The current owners have undertaken several upgrades: Remediation of lead plumbing from the street to the building by Denver Water Installation of new shut-off valves in the laundry room and meter pit proffessioinally managed ?? Investment Potential Each of the six units are legally seperated into condominiums While currently sold as a single building, there is potential to divide and sell units separately in the future. The building is 83% leased with tenants in place, making it an attractive option for investors seeking immediate rental income. For more detailed information or to view the property, you can call Charles Smith : # 303 320 4004 Email: clsmith@APSE.net assumeable 1% Loan in place ($350,000) Property is income resticted by the city of Denver ( 80% AMI) annual rent increases permited

FOR SALE DETAILS

PRICE

$1,860,000 USD

PRICE/SF

$463 USD /SF

# OF UNITS

6

PRICE/UNIT

$310,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1949

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,401 SF

ZONING

G-MU-5

APN/PARCEL ID

6062-28-013

ASK ABOUT THIS PROPERTY

Lamont Smith5280 Sunshine Properties LLCMore Info
303-320-4004

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Lamont Smith5280 Sunshine Properties LLCMore Info
303-320-4004

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