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28291548
28291535

303 Hooker St, Denver, CO 80219

JK
CO FA100032419
Pinnacle Real Estate Advisors
JK
CO FA100068260
Pinnacle Real Estate Advisors
Listed by Pinnacle Real Estate Advisors
$975,000
200 days on market
Updated 35 days ago

Barnum Park Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,031
Net Rentable (SqFt) 3,793
Units 7
Cap Rate 5.97%
NOI $58,244
Pro-Forma Cap Rate 7.25%
Pro-Forma NOI $70,647
Price per SqFt $242
Broker Co-Op Yes
Class C
Year Built 1929
Year Renovated 2017
Buildings 1
Acreage 0.290
Parking Spaces 7 spaces
Parking Per SqFt 1.74

Renovated Multifamily | 7 Units | $164,286/unit

Marketing description

LIVE IN A PIECE OF DENVER HISTORY!

Discover charm, convenience, and character in this beautifully renovated apartment building located just steps from Barnum Park. Enjoy immediate access to the Barnum Recreation Center, Weir Gulch Trails, playgrounds, and more — all right across the street.

This uniquely styled property offers a warm and inviting atmosphere, complete with modern finishes and thoughtful details. Updated units feature vinyl plank flooring, updated appliances, and ample kitchen storage - this space is designed for both comfort and functionality. Barnum Park Apartments also offers a large, shared outdoor space with patio, on-site laundry and free off-street parking.

Take in scenic mountain views and the calming sounds of a nearby stream, all from the comfort of your home. You’ll also love the ease of access to 6th Avenue, Downtown Denver, public transportation (RTD), shopping, and major highways. Located near local favorites like the iconic Columbine Steak House and Impress Seafood, this is city living with a neighborhood feel. Additionally, the new Denver Broncos stadium will be located at Burnham Yard, a 150-acre site in Denver, Colorado, just southwest of downtown and about a 1.5 miles from Barnum Park Apartments. This location is east of I-25, south of 6th Avenue, and north of Santa Fe Drive and Osage Street. The project includes a privately funded, retractable-roof stadium within a larger mixed-use development.

Investment highlights

  • GREAT UNIT MIX: (1) STUDIO, ( 5) 1 BD/1BA & ( 1) 2 BD/1BA

  • NEWER ROOF

  • RENOVATED UNITS WITH UPDATED KITCHENS, BATHROOMS, AND FLOORING

  • CLOSE TO KNOX COURT LIGHT RAIL STATION

  • LARGE LOT ( 12,500 SF)

  • NEXT TO BARNUM PARK AND WEIR GULCH TRAIL

Listing Contacts

JK
CO FA100032419
Pinnacle Real Estate Advisors
JK
CO FA100068260
Pinnacle Real Estate Advisors
Listed by Pinnacle Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$58,244.00
$4,853.67/mo

Valuation Metrics

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DSCR
5.97%
Cap Rate
5.97%
ROI

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