702 E 12th Ave - Apartments FOR SALE


Denver, CO 80203- Capitol Hill
$4,800,000 USD
720-738-1671
702 E 12th Ave, Denver, CO for Sale
$4,800,000 USD
Apartments - FOR SALE
1/19
null | 5.4% Cap Rate

702 E 12th Ave
Denver, CO 80203
Capitol Hill


HIGHLIGHTS

  • Located in the heart of Capitol Hill
  • Beautiful vintage property
  • Untapped income potential
  • Attractive investment for value-add buyer
  • Newer heating and domestic water boilers
  • Updated vinyl windows throughout

OVERVIEW

The Rob Roy is a vintage 45-unit apartment building in Denver’s iconic Capitol Hill neighborhood. The building’s brick exterior delivers timeless curb appeal from its high-visibility corner location. The property has been well-maintained and attracts good tenants looking for an affordable and convenient place to live. Untapped potential remains with rental income that can increase dramatically with capital expenditures to modernize the apartments. The building contains 44 studio units and a large one-bedroom apartment. Steam heat is provided by a central gas boiler, and solar panels on the roof reduce the property’s electricity costs. The property also has 6 off-street parking spaces that are leased to the residents.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

45

PRICE/UNIT

$106,667

CAP RATE

5.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rob Roy - Capitol Hill Studio Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,100 SF

ZONING

G-MU-5

APN/PARCEL ID

5031-22-001

ASK ABOUT THIS PROPERTY

Greg JohnsonNorthPeak Commercial AdvisorsMore Info
720-738-1671

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Greg JohnsonNorthPeak Commercial AdvisorsMore Info
720-738-1671

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