3394 W 66th Ave - Multi-Family FOR SALE


Denver, CO 80221- Midtown Denver
$799,999 USD
303-962-9555
3394 W 66th Ave, Denver, CO for Sale
$799,999 USD
Multi-Family - FOR SALE
1/12
null | 5.2% Cap Rate

3394 W 66th Ave
Denver, CO 80221
Midtown Denver


HIGHLIGHTS

  • FOUR TOWNHOME-STYLE APARTMENTS BUILT IN 1983 - HUGE 1,000+ SF UNITS SPANNING TWO FLOORS
  • EACH APARTMENT COMES WITH IN-UNIT WASHER AND DRYER
  • HIGH-PERFORMING ASSET IN THE BERKLEY/ MIDTOWN CORRIDOR
  • LOWEST PRICE/SF CURRENTLY ON THE MARKET WITHIN A THREE MILE RADIUS
  • SIDE-BY-SIDE UNIT LAYOUTS AND PLENTY OF OFFSTREET PARKING
  • LARGE LOT WITH POSSIBILITY OF FUTURE REDEVELOPMENT

OVERVIEW

This well-maintained four-unit property presents a compelling investment opportunity in Denver. The asset is comprised of four spacious two-bedroom, one-bath residences, each exceeding 1,000 square feet, and designed in a townhome-style layout spanning two levels. This design provides residents with an enhanced sense of privacy and a more residential living experience compared to traditional stacked apartment units. The property also features dedicated off-street parking and a large lot with ample outdoor space, further enhancing tenant appeal. Additionally, the location places residents within close proximity to several of Denver’s recently redeveloped parks and expanding greenway systems, providing convenient access to outdoor amenities and contributing to the neighborhood’s continued growth and desirability. It also sits less than 15 minutes from Downtown Denver and Golden. Offered at just $199 per square foot, the property represents a compelling basis relative to the market. At the current list price, this equates to $77/SF cheaper than the average price per square foot of the comparable sales, which are currently averaging roughly $277/SF. This helps create an attractive entry point for investors seeking both stable in-place income and long-term upside.

FOR SALE DETAILS

PRICE

$799,999 USD

PRICE/SF

$199 USD /SF

# OF UNITS

4

PRICE/UNIT

$200,000

CAP RATE

5.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

-

APN/PARCEL ID

1825-05-3-19-042

ASK ABOUT THIS PROPERTY

Quentin ShorePinnacle Real Estate AdvisorsMore Info
303-962-9555

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Quentin ShorePinnacle Real Estate AdvisorsMore Info
303-962-9555

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