Listed by Malman Real Estate
$2,790,000
1755 South Broadway
Details
Property Type Mixed Use
Sub Type Multifamily, Retail
Square Footage 7,192
Cap Rate 7.01%
NOI $195,646
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Price per SqFt $388
Broker Co-Op Yes
Year Built 1961
Year Renovated 2022
Buildings 2
Stories 2
Lot Size (SqFt) 9,373
Zoning U-MS-5
Parking Spaces 12 spaces
Parking Per SqFt 1.67
Investment Type Stabilized
100% Leased Mixed Use Property: 7.01% CAP
Marketing description
• 100% leased mixed use asset on South Broadway
• 11 apartment units and 2 retail units
• 9 of the 11 apartment units were renovated and finished Summer 2022. Brand new hot water heaters, flooring, electrical, plumbing, paint, kitchens and appliances, etc.
• High visibility property on South Broadway
• Rapidly developing area in the Denver MSA
• New storefront going to be installed in 2024
• Coin laundry recently added for additional income (around $200/mo not factored into NOI)
Listing Contacts
Listed by Malman Real Estate
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$195,646.00
$16,303.83/mo
Valuation Metrics
0
DSCR
7.01%
Cap Rate
7.01%
ROI
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