2846 Federal Blvd - Apartments FOR SALE


Denver, CO 80211- Jefferson Park
$3,495,000 USD
303-962-9555
2846 Federal Blvd, Denver, CO for Sale
$3,495,000 USD
Apartments - FOR SALE
1/21
null | 6.96% Cap Rate

2846 Federal Blvd
Denver, CO 80211
Jefferson Park


HIGHLIGHTS

  • 6.96% Actual CAP Rate (Trailing 12 Months)
  • Beautifully Renovated, Turn-Key Asset Including New: Electrical, Plumbing, HVAC, Kitchens, Bathrooms, Windows, Interior Hallways & Exterior Paint
  • Superb Location in the Highlands Directly Across from Viking Park
  • Excellent Neighborhood Demographics: $124,672 Average Household Income within a Two Mile Radius
  • Rental Upside: Proforma Rents Already Being Achieved or Surpassed in 60% of the Units
  • Walk Score: 92 - Short Distance Public Transportation, Parks, Shopping, Restaurants & Entertainment

OVERVIEW

Major Price Change: 25 Units in the Highlands; 6.96% Actual T12 CAP Rate!

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$344 USD /SF

# OF UNITS

25

PRICE/UNIT

$139,800

CAP RATE

6.96%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Elmira Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

G-MU-5

APN/PARCEL ID

2294-20-001

ASK ABOUT THIS PROPERTY

Josh NewellPinnacle Real Estate AdvisorsMore Info
303-962-9555

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Josh NewellPinnacle Real Estate AdvisorsMore Info
303-962-9555

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