1671 Washington St - Apartments FOR SALE


Denver, CO 80203- Uptown Denver
$2,800,000 USD
714-330-1436
1671 Washington St, Denver, CO for Sale
$2,800,000 USD
Apartments - FOR SALE
1/46
null | 5.82% Cap Rate

1671 Washington St
Denver, CO 80203
Uptown Denver


HIGHLIGHTS

  • Classic 1905 Construction with Historic Character that Differentiates from New-Construction Apartments
  • On-Site Laundry Facility and Shared Tenant Patios
  • Efficient Unit Mix Suitable for Workforce and Urban Renters
  • Undercapitalized Basement with Value-Add Potential

OVERVIEW

The 23-unit (22 studios and one 1-bedroom) renovated apartment building in Uptown presents a compelling investment opportunity for individuals seeking to capitalize on the thriving real estate market in the area. Its prime location, extensive renovations, and market demand for high-quality rentals position the property for long-term success. With a strong financial outlook and the potential for attractive returns, this property is well-suited for investors looking to enter or expand their portfolio in the Denver market. 1671 Washington is located on the 17th Avenue corridor of Uptown and is known for its vibrant atmosphere, with an abundance of restaurants, cafes, and shops within walking distance. The neighborhood also benefits from its proximity to downtown Denver, major employers, and cultural attractions, making it an ideal location for professionals and individuals seeking a convenient and engaging lifestyle.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$256 USD /SF

# OF UNITS

23

PRICE/UNIT

$121,739

CAP RATE

5.82%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1671 Washington

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,134 SF

ZONING

C-MS-5

APN/PARCEL ID

2349-21-035

ASK ABOUT THIS PROPERTY

Andrew MonettePinnacle Real Estate AdvisorsMore Info
714-330-1436

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Andrew MonettePinnacle Real Estate AdvisorsMore Info
714-330-1436

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