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33289685
33289702

1458 N Gaylord Street, Denver, CO 80206

HS
CO FA100086469
NORTHPEAK Commercial Advisors
JS
CO FA 100085430
NORTHPEAK Commercial Advisors
Listed by NORTHPEAK Commercial Advisors
$1,895,000
5 days on market
Updated 5 days ago

1458 N Gaylord Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,703
Units 10
Cap Rate 5.70%
NOI $108,393
Tenancy Multi
Pro-Forma Cap Rate 6.80%
Pro-Forma NOI $128,129
Price per SqFt $246
Class B
Year Built 1894
Year Renovated 2020
Lot Size (SqFt) 9,062
Zoning G-MU-3
Parking Spaces 6 spaces
Parking Per SqFt 0.78
Investment Type Value Add

Multifamily | 10 Units | $189,500/unit

Marketing description

1458 N Gaylord St. is a 10-unit multifamily investment property. The property features a mix of 1- and 2-bedroom units with high ceilings and some uniquely attractive floorplans. The property sits in a highly desirable core location with a walk score of 93. Tenants enjoy walkability to work and play at City Park, Cheesman Park, and St. Joe's Hospital.

There have been extensive recent improvements including new roof, exterior paint, upgraded electrical, and interior renovations. One value add opportunity is to increase the income from the 6 garages on site. For the right investor, this is a great opportunity to buy in core location that will continue to improve over time.

Investment highlights

Attractive core location with a walk score of 93

Just steps from City Park & St. Joe's Hospital

New roof & exterior paint (2020)

Upgraded electrical

6 income producing garages

High ceilings with some attractive layouts

Desirable unit mix weighted towards 1's and 2's

Listing Contacts

HS
CO FA100086469
NORTHPEAK Commercial Advisors
JS
CO FA 100085430
NORTHPEAK Commercial Advisors
Listed by NORTHPEAK Commercial Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$108,393.00
$9,032.75/mo

Valuation Metrics

0
DSCR
5.72%
Cap Rate
5.72%
ROI

Map

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Additional Information

Name
Hunter Schaefer
License
FA100086469
Brokerage
NorthPeak Commercial Advisors
Title
Senior Advisor
Brokerage Address
1720 South Bellaire Street
Name
Jack Sherman
License
FA 100085430
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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