1234 York St - Apartments FOR SALE


Denver, CO 80206- Cheesman Park
$1,400,000 USD
303-962-9537
1234 York St, Denver, CO for Sale
$1,400,000 USD
Apartments - FOR SALE
1/33
null | 5.12% Cap Rate

1234 York St
Denver, CO 80206
Cheesman Park


HIGHLIGHTS

  • Turn-key multifamily investment opportunity with an easy path to a 6%+ CAP Rate at market rents
  • Updated and charming 3,212 SF building with Victorian construction dating back to 1888
  • 7 updated units with common laundry, zoned G-MU-3 for flexible usage and 89 Walk Score
  • Prime location in Central Denver between to Cheesman Park, Congress Park and Denver Botanical Gardens
  • Newer roof, windows, sewer, furnace, H/W heater, front walkway & sidewalk, and 6 parking spaces

OVERVIEW

Easy turn-key deal, ideal for 1031 buyers or passive investors looking for a minimal-effort asset that has easy upside. 1234 York Street is an extremely well-maintained, controlled access, updated and turn-key Victorian Multifamily investment property nestled in the Cheesman Park Neighborhood of Central Denver. Built in 1888, the 3,212 SF building comprises 7 units, providing an attractive opportunity for investors seeking to expand their portfolio. Recent updates include Roof (2019), full sewer replacement (2019), hot water heater and furnace (2016), concrete sidewalk, and front walkway (2021). With 6 onsite parking spaces, a private fenced patio, its historic appeal, and well-maintained features, this property presents an inviting option for those looking to capitalize on the enduring demand for quality housing in the vibrant Central Denver market.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$423 USD /SF

# OF UNITS

7

PRICE/UNIT

$200,000

CAP RATE

5.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1888

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,250 SF

ZONING

G-MU-3

APN/PARCEL ID

5012-29-028

ASK ABOUT THIS PROPERTY

Robert LawsonPinnacle Real Estate AdvisorsMore Info
303-962-9537

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Robert LawsonPinnacle Real Estate AdvisorsMore Info
303-962-9537

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.