$2,600,000 USD
303-962-9534
1432 Pennsylvania St
Denver, CO 80203
Capitol Hill
HIGHLIGHTS
- RARE ASSUMABLE FINANCING AT 3.79% FIXED, INTEREST-ONLY THROUGH MAY 2031
- EIGHT LARGE CONDO-STYLE 2BD/2BA UNITS WITH OFFICE NOOKS
- BUILT BACK FROM THE STUDS IN 2010 – NEWER PLUMBING AND ELECTRICAL
- TURN-KEY ASSET - UPGRADED WITH DESIGNER LVP FLOORING, NEW KITCHENS, UPDATED BATHS, STAINLESS APPLIANCES, IN-UNIT WASHER/DRYER, AND MODERN LIGHTING
- FIVE PRIVATE GARAGE SPACES - A HIGHLY DIFFERENTIATED AMENITY IN AN URBAN SUBMARKET WHERE OFF-STREET PARKING IS SCARCE
- POTENTIAL FOR CONDO CONVERSION AND/OR ADU ADDITIONS
FOR SALE DETAILS
PRICE
$2,600,000 USD
PRICE/SF
$300 USD /SF
# OF UNITS
8
PRICE/UNIT
$325,000
CAP RATE
5.2%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Glenellen Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1919
PARKING SPACES
5
LAND DETAILS
LAND ACRES
0.14 AC
LAND SF
6,098 SF
ZONING
G-RO-5
APN/PARCEL ID
5031-03-004
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303-962-9534
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303-962-9534
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