1201 E 16th Ave - Apartments FOR SALE


Denver, CO 80218- City Park West
$1,500,000 USD
303-952-5603
1201 E 16th Ave, Denver, CO for Sale
$1,500,000 USD
Apartments - FOR SALE
1/29
null | Request Cap Rate

1201 E 16th Ave
Denver, CO 80218
City Park West


OVERVIEW

The Joy House, ideally situated at the intersection of City Park West and Uptown, offers 16 to 18 residential units within walking distance of some of Denver’s top cultural and medical hubs. This location places residents mere minutes from City Park, Presbyterian St. Luke’s and St. Joseph Hospitals, and the thriving restaurant scenes along 17th Avenue and Colfax. Built with an attractive early 20th-century facade, the property provides an excellent canvas for a value-add renovation strategy to boost rents and convert common and program area space back to rental units. The property benefits from an irreplaceable infill location surrounded by Denver’s most desirable urban neighborhoods.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

15

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Joyhouse

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,248 SF

ZONING

R-4

APN/PARCEL ID

2354-17-025,2354-17-026

ASK ABOUT THIS PROPERTY

John BlackshireTranswestern Real Estate ServicesMore Info
303-952-5603

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John BlackshireTranswestern Real Estate ServicesMore Info
303-952-5603

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