1555-1557 Tamarac St - Apartments FOR SALE


Denver, CO 80220- East Colfax
$850,000 USD
303-931-0793
1555-1557 Tamarac St, Denver, CO for Sale
$850,000 USD
Apartments - FOR SALE
1/65
null | 5.53% Cap Rate

1555-1557 Tamarac St
Denver, CO 80220
East Colfax


HIGHLIGHTS

  • Turnkey property with significant renovations to all 4 units and exterior. $75,000 worth of capital improvements in past 12 months
  • Healthy proforma assumptions with market supported rents and expenses, providing a realistic path to stable cash flow and competitive returns
  • Close proximity to community amenities such as Stanley Marketplace, Stapleton Development, and Lowry Park enhance desirability for tenants
  • Close proximity to major East Denver employment hubs like UCHealth Anschutz, Rose Medical Center, and Denver International Airport (DIA)
  • Close proximity to desirable East Denver neighborhoods like Hale, Hilltop, Park Hill and Lowry help drive long term appreciation

OVERVIEW

The Unique Apartment group is please to present 1555-1557 Tamarac St in East Denver. The property consists of four (4) renovated two (2) bedroom one (1) bathroom units, with two on the upper level and two on the garden level. improvements include updated kitchens (countertops, cabinetry, appliances), flooring, paint, bathroom finishes, rock landscaping, and new concrete sidewalks. An additional two-bay garage is currently leased for storage, providing supplemental income. The property is supported by strong proforma assumptions that reflect realistic figures for market rent and expense figures, offering a clear path to increased cash flows with minimal capital outlay. This asset is well-suited for any investor seeking stabilized cash flows or an owner-occupant seeking to “house hack” by living in one unit and renting the others, potentially covering mortgage payments with a favorable residential (FHA) loan. The property is located near major East Denver community amenities including Stanley Marketplace, Central Park (formerly Stapleton), and Lowry Park; as well as major employment centers such as UCHealth Anschutz Medical Campus, Rose Medical Center, and Denver International Airport (DIA). Additionally, the East Colfax corridor and I-70 provide convenient access to the rest of the Denver metro area, while nearby neighborhoods such as Hale, Hilltop, Park Hill, and Lowry support long term rental demand and value appreciation.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

4

PRICE/UNIT

$212,500

CAP RATE

5.53%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,230 SF

ZONING

E-TH-2.5

APN/PARCEL ID

1333-30-026

ASK ABOUT THIS PROPERTY

Phil DanknerUnique Properties, Inc.More Info
303-931-0793

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

Phil DanknerUnique Properties, Inc.More Info
303-931-0793

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