3650 S Lincoln St - Apartments FOR SALE


Englewood, CO 80113
$1,500,000 USD
303-962-9555
3650 S Lincoln St, Englewood, CO for Sale
$1,500,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

3650 S Lincoln St
Englewood, CO 80113


HIGHLIGHTS

  • (11) 1 BR/1BA UNITS
  • VALUE-ADD OPPORTUNITY LISTED SIGNIFICANTLY BELOW RECENT SOLD COMPS
  • PRIVATE SECOND STORY PATIO TENANTS USE AS BUILDING AMENITY
  • LOCATED JUST BLOCKS AWAY FROM SWEDISH MEDICAL CENTER, CRAIG HOSPITAL, AND NUMEROUS RESTAURANTS AND RETAIL STORES
  • ON SITE LAUNDRY & STORAGE LOCKERS AVAILABLE
  • BOILERS REPLACED IN 2019

OVERVIEW

The South Lincoln Apartments, located at 3650 S. Lincoln Street in Englewood, Colorado, present a compelling investment opportunity consisting of 11 well-maintained apartment units in a highly desirable infill location within the South Broadway corridor. Positioned just blocks from the major employment anchors of Swedish Medical Center and Craig Hospital, the property benefits from consistent renter demand supported by healthcare employment, nearby amenities, and limited new multifamily supply in the immediate area. South Lincoln Apartments offers investors a rare opportunity to acquire a value-add asset at a basis well below recent comparable sales in the submarket, creating immediate upside potential. Additional value can be achieved through operational efficiencies and a targeted unit renovation program, providing a clear path to increased rental income, improved operating margins, and overall yield enhancement. Supported by strong location fundamentals and favorable submarket dynamics, the property presents an opportunity to drive both near-term cash flow growth and long-term appreciation.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$188 USD /SF

# OF UNITS

11

PRICE/UNIT

$136,364

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,180 SF

ZONING

-

APN/PARCEL ID

2077-03-1-09-005

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.