900 E 12th Ave - Apartments FOR SALE


Denver, CO 80218- Capitol Hill
$4,200,000 USD
720-738-1671
900 E 12th Ave, Denver, CO for Sale
$4,200,000 USD
Apartments - FOR SALE
1/13
null | 5.72% Cap Rate

900 E 12th Ave
Denver, CO 80218
Capitol Hill


HIGHLIGHTS

  • Apartment and Common Area Renovations completed in 2022
  • Newer Roofs, Boilers, Windows
  • Fully Renovated Common Areas
  • Low-Maintenance Property with 60- Amp Updated Electrical Service

OVERVIEW

Kelsey Hill comprises two meticulously renovated, twin apartment buildings located at 900 & 910 E. 12th Ave in Denver’s Capitol Hill. Each building contains 13 units for a total of 26 apartments, offering a turnkey, passive multifamily investment in a highly desirable, centrally located market. Fully updated units and common areas, together with recent major system upgrades, minimize near term capital requirements and position the asset for low maintenance ownership. All 26 residences have been thoughtfully restored to preserve historic character like refinished original hardwood floors, while incorporating contemporary finishes. New kitchens feature quartz countertops, new fixtures, and stainless steel appliances. The fully renovated bathrooms combine modern detailing with vintage touches to meet tenant expectations and command high rents while minimizing vacancy. Kelsey Hill presents an attractive, hassle free investment opportunity that delivers stable cash flow, operational efficiency, and long term value appreciation in the heart of Capitol Hill.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$262 USD /SF

# OF UNITS

26

PRICE/UNIT

$161,538

CAP RATE

5.72%

% LEASED

69%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kelsey Hill Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

G-MU-3

APN/PARCEL ID

5022-30-020

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.