136 Washington St - Apartments FOR SALE


Denver, CO 80203- Speer
$3,650,000 USD
303-818-1805
136 Washington St, Denver, CO for Sale
$3,650,000 USD
Apartments - FOR SALE
1/20
null | 5.33% Cap Rate

136 Washington St
Denver, CO 80203
Speer


HIGHLIGHTS

  • Turnkey Condition with Rental Upside
  • Premier West Washington Park Neighborhood
  • Convenient to Cherry Creek, Downtown and University of Denver
  • Low-Maintenance Property with Modern Systems

OVERVIEW

The Washington Apartments boast a spectacular location in Denver’s coveted West Washington Park neighborhood. The residents of the 17-unit building walk, bike or jog through Wash Park or along the Cherry Creek Bike Trail less than two blocks away. The neighborhood embodies the outdoor lifestyle for which Denver is known. The remodeled apartments feature maple or oak cabinetry, solid hardwood floors and clean, sharp finishes. 60-amp electrical service is provided through Square-D breaker panels, and the hot water baseboard heat is individually controlled by the residents. The exterior of the low-maintenance building features upgraded windows, stairs and railings. Off-street parking is offered to residents for $75/month, and the tenants enjoy building-owned coinless laundry equipment that was installed last month. The stabilized property is ideal for a passive investor, though plenty of upside remains for a new owner seeking to achieve top of the market rents through modest renovation.

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$383 USD /SF

# OF UNITS

17

PRICE/UNIT

$214,706

CAP RATE

5.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Washington Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1967

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

Residential

APN/PARCEL ID

5101-27-024

ASK ABOUT THIS PROPERTY

Conner PirettiNorthPeak Commercial AdvisorsMore Info
303-818-1805

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Conner PirettiNorthPeak Commercial AdvisorsMore Info
303-818-1805

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