3552 Morrison Rd - Apartments FOR SALE


Denver, CO 80219- Westwood
$1,650,000 USD
303-481-2875
3552 Morrison Rd, Denver, CO for Sale
$1,650,000 USD
Apartments - FOR SALE
1/29
null | 7.3% Cap Rate

3552 Morrison Rd
Denver, CO 80219
Westwood


HIGHLIGHTS

  • Stabilized, day-one cash flow with in-place cap rate above 7%
  • Fully occupied with all rents at or near market rates
  • Diverse unit mix of studios, one bedrooms, and two bedroom units
  • Located in Opportunity Zone (Census Tract 8)
  • New electrical panels inside each unit. Tenants also directly pay for gas and electric, keeping owner expenses low

OVERVIEW

3552 Morrison Road is an 11-unit multifamily asset located in the heart of Denver’s Westwood neighborhood. With a going-in cap rate above 7%, this interior-corridor property provides investors with exceptional day-one returns and stable, immediate cash flow. Situated along the vibrant Morrison Road corridor, the property offers residents easy access to Downtown Denver and the broader metropolitan area via major thoroughfares. Recent capital improvements, including new electrical panels and updated flooring, significantly mitigate near-term maintenance risks and increase the asset’s long-term value. The property features a shared backyard common area, which drives tenant retention and strengthens marketability. With in-place rents currently at or near market rates, the 3552 Morrison is positioned to deliver positive leverage for investors seeking day-one yield. County: Denver Year Built: 1941 # Buildings: 1 # Stories: 3 Total Units: 11 Construction: Brick Masonry Roof Type: Flat Gross Building SF: 5,613 (Includes finished basement area and storage per county records) Total Lot SF: 7,179 Parking Type: Lot | 6 Spaces Air Conditioning: Wall AC Units Gas/Electric: Individual/Individual Water/Sewer: Master

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$294 USD /SF

# OF UNITS

11

PRICE/UNIT

$150,000

CAP RATE

7.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1941

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

E-MX-3, UO-1, UO-2

APN/PARCEL ID

5172-06-021

ASK ABOUT THIS PROPERTY

Andrew VollertKaufman HaganMore Info
303-481-2875

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Andrew VollertKaufman HaganMore Info
303-481-2875

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