1345 Yosemite Street
48 Unit Multifamily Property with Current CAP Rate
Marketing description
MMG Real Estate Advisors is pleased to present the rare opportunity to acquire a four-property, 94-unit multifamily portfolio in East Denver. The portfolio consists of 1474 Xenia Street (13 units), 1129 Akron Street (13 units), 1205 Yosemite Street (20 units), and 1345–1363 Yosemite Street (48 units). Properties can be purchased together, or separately. All four properties are 90% occupied, located within 1-2 miles of each other in the East Colfax and Lowry submarkets, and share a consistent workforce housing profile with strong in-place income, recent capital improvements, and meaningful value-add upside. Together, they offer an investor the scale, operational efficiency, and submarket concentration that individual acquisitions cannot replicate.
Investment highlights
- Updated Kitchens With White Cabinetry & New Fixtures
- Balconies On Upper Floors
- On-Site Laundry Facility
- 20 Surface Parking Spaces (1:1 Ratio)
- Exterior Walkways & Balconies
- Brick Construction
- New roofs, windows, and boilers across all buildings
- Renovated rents of $1,427/unit achievable versus current avg. of $1,391/unit through LVT flooring, kitchen, and bathroom upgrades. Loss-to-lease recapture of ~$36/unit/month adds ~$20,736/year in NOI at no capital cost.
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