Listed by Pinnacle Real Estate Advisors
$2,000,000
1351 Xenia Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,686
Units 18
Cap Rate 6.75%
NOI $135,056
Pro-Forma Cap Rate 6.78%
Pro-Forma NOI $135,652
Price per SqFt $158
Broker Co-Op Yes
Class C
Year Built 1961
Buildings 1
Stories 3
Lot Size (SqFt) 12,500
Zoning G-MU-5
Parking Spaces 12 spaces
Parking Per SqFt 0.95
WELL-MAINTAINED, 18-UNIT PROPERTY IN EAST DENVER | $111,111/UNIT!
Marketing description
1351 Xenia Apartments is an 18-unit multifamily property located in East Denver. Positioned between Rose Medical Center and the Fitzsimons Medical Campus, the asset is supported by steady rental demand from the surrounding healthcare and employment hubs. The building has been well-maintained and features a mix of studios and one bedroom units.
1351 Xenia has undergone significant exterior improvements along with interior updates to many of the units. The property offers off-street parking, on-site laundry, a gated courtyard, and private balconies for select units.
Investment highlights
- WELL-MAINTAINED, 18-UNIT PROPERTY IN EAST DENVER
- SIGNIFICANT CAPITAL IMPROVEMENTS COMPLETED DURING CURRENT OWNERSHIP
- NEW TPO ROOF
- LARGE, PRIVATE BALCONIES FOR SELECT UNITS
- PRICED AT JUST $157/SF AND $111,111/UNIT!!
- GATED, SECURED ENTRY AND PRIVATE COURTYARD
Listing Contacts
Listed by Pinnacle Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$135,056.00
$11,254.67/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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