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28946947
28946970

1369 Ogden St, Denver, CO 80218

AB
CO 100097291
NORTHPEAK Commercial Advisors
Listed by NORTHPEAK Commercial Advisors
$945,000
169 days on market
Updated 92 days ago

1369 Ogden

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,291
Units 3
Cap Rate 5.21%
NOI $49,279
Occupancy 100%
Pro-Forma Cap Rate 6.2%
Pro-Forma NOI $58,575
Price per SqFt $287
Broker Co-Op Yes
Class C
Year Built 1895
Year Renovated 2018
Buildings 1
Stories 2
Lot Size (SqFt) 3,750
Zoning G-MU-5
Parking Spaces 3 spaces
Parking Per SqFt 0.91
Investment Type Stabilized

Multifamily | 3 Units | $315,000/unit

Marketing description

1369 Ogden Street is a charming triplex in Capitol Hill that blends classic Denver character with meaningful updates and a clear value-add opportunity. The property appeals both to buyers looking to live in one of the units while generating income, as well as investors seeking a well-located asset in one of Denver’s most convenient and historical neighborhoods.

The building offers a desirable unit mix with (1) 1-bed/1-bath, (1) 2-bed/1-bath, and (1) 2-bed/2-bath. The 1-bed/1-bath garden-level apartment was recently rebuilt down to the studs, and the main level 2-bed/1-bath has also been updated with modern finishes. The spacious 2-bed/2-bath unit, which spans the second level and attic space, has been occupied by the same tenants for over a decade and is rented significantly under market, providing a straight￾forward value-add path for the next owner.

The property also includes three off-street parking spaces and a communal laundry room for tenant use. Recent Improvements over the years include all-new plumbing throughout the building, a newly constructed basement unit & communal laundry room, new rear decking, new xeriscape landscaping, and newer vinyl windows.

Investment highlights

• Strong owner-occupant opportunity

• Desirable unit mix: 1bed/1bath, 2bed/1bath and 2bed/2bath.

• Two renovated units with value-add potential in long-term occupied unit

• Major recent improvements: new plumbing, new basement unit, new decking and newer vinyl windows.

• Three off-street parking spaces

Listing Contacts

AB
CO 100097291
NORTHPEAK Commercial Advisors
Listed by NORTHPEAK Commercial Advisors

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$49,279.00
$4,106.58/mo

Valuation Metrics

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DSCR
5.21%
Cap Rate
5.21%
ROI

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