7721-7729 E 14th Ave - Apartments FOR SALE


Denver, CO 80220- East Colfax
$1,275,000 USD
303-903-9638
7721-7729 E 14th Ave, Denver, CO for Sale
$1,275,000 USD
Apartments - FOR SALE
1/15
null | 5.95% Cap Rate

7721-7729 E 14th Ave
Denver, CO 80220
East Colfax


HIGHLIGHTS

  • Updated in the last 5 years: roof, windows, landscaping, sewer line, boiler, unit renovations
  • Opportunity zone
  • Large 15,200SF lot on hard corner
  • Side-by-side layout units
  • Separately metered for electric
  • 6 separate garages

OVERVIEW

7721 E 14th St is a 6 unit apartment building located just on the edge of the popular Montclair Neighborhood. With a walk score of 76, tenants enjoy easy access to shopping, dining, and transportation just steps away. All 6 units are renovated 1bed/1bath in a side by side layout which is always preferred by both tenants and investors alike. Investors have multiple options with this property which is situated in an opportunity zone on a hard corner 15,200 SF lot including cash flowing as-is, converting them to condos, or potentially selling to a developer in the future due to the large lot. Additionally, there are 6 garage spaces which are income producing and valuable in this high density neighborhood. The property has received extensive renovations over the last 5 years including: a new roof, new windows, new paint & landscaping, new sewer lines, refurbished boiler, and adding laundry to some of the units. All the tenants are billed back for utilities in addition to the rent and they pay for electricity directly in their names due to having separate electric meters.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$372 USD /SF

# OF UNITS

6

PRICE/UNIT

$212,500

CAP RATE

5.95%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,198 SF

ZONING

R-2

APN/PARCEL ID

6042-04-022

ASK ABOUT THIS PROPERTY

Jack ShermanNorthPeak Commercial AdvisorsMore Info
303-903-9638

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Jack ShermanNorthPeak Commercial AdvisorsMore Info
303-903-9638

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