1369 N Ogden St - Apartments FOR SALE


Denver, CO 80218- Capitol Hill
$975,000 USD
720-738-1949
1369 N Ogden St, Denver, CO for Sale
$975,000 USD
Apartments - FOR SALE
1/21
null | 5.05% Cap Rate

1369 N Ogden St
Denver, CO 80218
Capitol Hill


HIGHLIGHTS

  • Strong owner-occupant opportunity
  • Recent capital improvements include all-new plumbing throughout the building, two fully renovated units, new decking and newer windows.

OVERVIEW

1369 Ogden Street is a charming triplex in Capitol Hill that blends classic Denver character with meaningful updates and a clear value-add opportunity. The property appeals both to buyers looking to live in one of the units while generating income, as well as investors seeking a well-located asset in one of Denver’s most convenient and historical neighborhoods. The building offers a desirable unit mix with (1) 1-bed/1-bath, (1) 2-bed/1-bath, and (1) 2-bed/2-bath. The 1-bed/1-bath garden-level apartment was recently rebuilt down to the studs, and the main level 2-bed/1-bath has also been updated with modern finishes. The spacious 2-bed/2-bath unit, which spans the second level and attic space, has been occupied by the same tenants for over a decade and is rented significantly under market, providing a straight?forward value-add path for the next owner. The property also includes three off-street parking spaces and a communal laundry room for tenant use. Recent improvements over the years include all?new plumbing throughout the building, a newly constructed basement unit & communal laundry room, new rear decking, new xeriscape landscaping, and newer vinyl windows.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

3

PRICE/UNIT

$325,000

CAP RATE

5.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1895

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,610 SF

ZONING

G-MU-5

APN/PARCEL ID

5022-12-017

ASK ABOUT THIS PROPERTY

Austin BengfordNorthPeak Commercial AdvisorsMore Info
720-738-1949

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Austin BengfordNorthPeak Commercial AdvisorsMore Info
720-738-1949

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