3201 W Alabama Pl - Apartments FOR SALE


Denver, CO 80219- Mar Lee
$1,299,999 USD
404-500-5800
3201 W Alabama Pl, Denver, CO for Sale
$1,299,999 USD
Apartments - FOR SALE
1/18
null | 3.74% Cap Rate

3201 W Alabama Pl
Denver, CO 80219
Mar Lee


HIGHLIGHTS

  • Full occupancy
  • Already cash flowing
  • Quiet neighborhood

OVERVIEW

Great opportunity to purchase a 100% occupied multifamily property in west Denver. The new owner can increase revenue without renovations through RUBS, parking fees, and more efficient/self management. Local rent comps support significant rent increases, with one unit is already leased near the pro forma rate. Units are individually metered for gas and electric and all have their own washer/dryer hookups. The zoning accommodates future redevelopment up to 3 stories.

FOR SALE DETAILS

PRICE

$1,299,999 USD

PRICE/SF

$300 USD /SF

# OF UNITS

5

PRICE/UNIT

$260,000

CAP RATE

3.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,800 SF

ZONING

S-MU-3

APN/PARCEL ID

5202-06-104

ASK ABOUT THIS PROPERTY

Calvin GravesBellStreetMore Info
404-500-5800

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Calvin GravesBellStreetMore Info
404-500-5800

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