Hoff & Leigh brings you an incredible East Colfax opportunity! This rare opportunity can continue being operated as highly profitable multifamily, converted back to a motel, or utilized for its amazing location for a re-development project with income currently in place. There is endless potential with this unique property sitting on a highly visible corner of E Colfax. The property is currently a 25 unit multifamily property utilized for artist housing on nearly a half acre. Contact us today for more information. Current NOI = $202,850.61 Proforma NOI = $227,150.61 Current Cap Rate = 7.3% Proforma Cap Rate = 8.17%