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28976488
28976490

1671 N Washington St, Denver, CO 80203

CS
CO FA100074750
Pinnacle Real Estate Advisors
AM
CO FA100068216
Pinnacle Real Estate Advisors
DB
CO FA100075939
Pinnacle Real Estate Advisors
Listed by Pinnacle Real Estate Advisors
$2,750,000
173 days on market
Updated 68 days ago

1671 N Washington

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,731
Units 23
Cap Rate 6.14%
NOI $168,852
Occupancy 95%
Pro-Forma Cap Rate 6.94%
Pro-Forma NOI $190,971
Price per SqFt $432
Year Built 1905
Buildings 1
Stories 3
Lot Size (SqFt) 3,134

Multifamily | 23 Units | $119,565/unit

Marketing description

The 23-unit (22 studios and one 1-bedroom) renovated apartment building in Uptown presents a compelling investment opportunity for individuals seeking to capitalize on the thriving real estate market in the area. Its prime location, extensive renovations, and market demand for high-quality rentals position the property for long-term success. With a strong financial outlook and the potential for attractive returns, this property is well-suited for investors looking to enter or expand their portfolio in the Denver market. 1671 Washington is located on the 17th Avenue corridor of Uptown and is known for its vibrant atmosphere, with an abundance of restaurants, cafes, and shops within walking distance. The neighborhood also benefits from its proximity to downtown Denver, major employers, and cultural attractions, making it an ideal location for professionals and individuals seeking a convenient and engaging lifestyle.

Investment highlights

Classic 1905 Construction with Historic Character that Differentiates from New-Construction Apartments

On-Site Laundry Facility and Shared Tenant Patios

Efficient Unit Mix Suitable for Workforce and Urban Renters

Undercapitalized Basement with Value-Add Potential

Listing Contacts

CS
CO FA100074750
Pinnacle Real Estate Advisors
AM
CO FA100068216
Pinnacle Real Estate Advisors
DB
CO FA100075939
Pinnacle Real Estate Advisors
Listed by Pinnacle Real Estate Advisors

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$168,852.00
$14,071.00/mo

Valuation Metrics

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DSCR
6.14%
Cap Rate
6.14%
ROI

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