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32641820
32641849

1739 North Washington Street, Denver, CO 80203 For Sale

JK
CO FA100032419
Pinnacle Real Estate Advisors
Listed by Pinnacle Real Estate Advisors
$999,999
66 days on market
Updated 66 days ago

1739 North Washington Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,489
Cap Rate 4.97%
NOI $49,710
Pro-Forma Cap Rate 5.71%
Pro-Forma NOI $57,127
Class C
Year Built 1900
Buildings 1
Lot Size (SqFt) 2,775
Ground Lease No

Amazing North Capitol Hill/Uptown 4-Unit Investment Opportunity with Immediate Upside

Marketing description

Amazing North Capitol Hill/Uptown 4-unit investment opportunity with immediate upside. Current rents are below market, presenting a clear value-add opportunity for investors. The units have been thoughtfully updated with modern kitchens, bathrooms, and flooring. They also feature in-unit mini-split systems, offering the rare advantage of air conditioning within a classic vintage property. The building also includes two owner-owned sets of washers and dryers, enhancing tenant convenience and overall appeal. Additional highlights include a one-car garage, one off-street parking space, and ample street parking. Ideally positioned in a highly walkable location just steps from popular bars, restaurants, and all that downtown has to offer. Proven rental history with long-term tenants and consistently strong demand, allowing for quick and reliable lease-up.

Investment highlights

  • AMAZING NORTH CAPITOL HILL/UPTOWN LOCATION
  • DIVERSE UNIT MIX CONSISTING OF (1) 2BR/2BA UNIT, ( 1) 2 BR/1BA UNIT, AND (2) 1 BR/1BA UNIT
  • UNMATCHED WALKABILITY TO DINING, NIGHTLIFE, PARKS, AND RETAIL STORES
  • COMPETITIVE BASIS: AT $65/SF LESS THAN THE CURRENT COMPARABLE SALE AVERAGE (ROUGHLY $380/SF)
  • IN-UNIT MINI-SPLIT SYSTEM ALLOWING TENANTS TO HAVE AIR CONDITIONING
  • RENOVATED UNITS WITH IMMEDIATE RENTAL UPSIDE

Listing Contacts

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

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$49,710.00
$4,142.50/mo

Valuation Metrics

0
DSCR
4.97%
Cap Rate
4.97%
ROI

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