8400 E Colfax Avenue
Unique Multi-Family/Motel Opportunity!
Marketing description
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%
Investment highlights
• 25 Unit Multifamily (Artist Housing)
• Corner Location
• E-MS-3 Zoning
• Fully Renovated
• Redevelopment Potential
• Can Be Converted Back to a Motel
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
