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34483194
34483085

342 S Lincoln Street, Denver, CO 80209 For Sale

VG
CO IA100029282
$999,999
1 day on market
Updated 1 day ago

342 S Lincoln Street

Details
APN 5151-07-007
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,245
Units 3
Cap Rate 6.65%
NOI $66,536
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.94%
Pro-Forma NOI $69,384
Year Built 1919
Buildings 1
Stories 2
Acreage 0.090
Zoning U-TU-B2
Parking Spaces 3 spaces
Parking per 1,000 SqFt 1.34

Multifamily | 6.65% CAP | 3 Units

Marketing description

A prime investment opportunity in Denver's highly desirable West Wash Park neighborhood, 342 S Lincoln, appraised at $1,295,000 in November 2023. This fully renovated, three-unit building offers a lucrative rental profile, featuring two spacious one-bedroom apartments with versatile den spaces, ideal for home offices, and a large three-bedroom, two-bathroom unit. Modern upgrades throughout include new kitchens, bathrooms, flooring, and fixtures, complemented by in-unit washer/dryers and three off-street parking spaces. Finishes are the same in all three units. Its proximity to South Broadway's vibrant nightlife and dining scene, combined with the blend of classic exterior charm and contemporary interiors, ensures low vacancy and consistent cash flow. All photos of are of unit #1, please use video links to see the other units. For more details or to schedule a showing, contact Vivi Gloriod, 303-847-1868.

Investment highlights

  • Appraised at $1,295,000 in November 2023
  • Fully renovated, three-unit building
  • Lucrative rental profile with two spacious one-bedroom apartments with versatile den spaces and one large three-bedroom, two-bathroom unit
  • Modern upgrades throughout include new kitchens, bathrooms, flooring, and fixtures
  • In-unit washer/dryers and three off-street parking spaces
  • Finishes are the same in all three units
  • Proximity to South Broadway's vibrant nightlife and dining scene
  • Blend of classic exterior charm and contemporary interiors ensures low vacancy and consistent cash flow

Listing Contacts

VG
CO IA100029282

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$66,536.00
$5,544.67/mo

Valuation Metrics

0
DSCR
6.65%
Cap Rate
6.65%
ROI

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Additional Information

Name
Vivi Gloriod
License
IA100029282
Brokerage
eXp Realty
Brokerage Phone
303-847-1868
Title
Real Estate Agent
Brokerage Address
26 South Broadway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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