1266 Lafayette St - Apartments FOR SALE


Denver, CO 80218
$2,400,000 USD
303-962-9537
1266 Lafayette St, Denver, CO for Sale
$2,400,000 USD
Apartments - FOR SALE
1/75
null | 5.53% Cap Rate

1266 Lafayette St
Denver, CO 80218


HIGHLIGHTS

  • Attractive assumable debt at 3.34% interest-only and 7.76% cash-on-cash return
  • Can be purchased with 1568 Vine Street (6 units) as a portfolio
  • Very well-maintained, recently updated 5,286 SF building with 8 units - fully custom contemporary renovation inside and out
  • New roof with solar technology for energy efficiency; upgraded furnace and hot water heaters
  • 3 garages and additional storage space; gated patio with fire pit and outdoor common areas
  • Prime location in the desirable Cheesman Park area

OVERVIEW

Attractive assumable debt at 3.34% interest-only and 7.76% cash-on-cash return. Chic, modernized 8-unit multifamily investment property ideally located in the esteemed Cheesman Park submarket with strong rental income and assumable interest-only debt at 3.43%! The property glows with a fully custom, contemporary renovation inside and out, seamlessly blending old-world charm with modern allure. With a new roof featuring solar technology, 3 garages, storage, and updated furnace and hot water heaters, this 5,286 SF building with 8 units is a true turnkey investment. The addition of onsite laundry, a gated patio with a fire pit, and inviting outdoor common areas enhances its appeal for residents. Zoned G-MU-3, this property embodies the essence of sophisticated urban living, making it an enticing prospect for multifamily investors seeking a unique, updated, strong performing, apartment asset. Can be purchased with 1568 Vine Street (6 units) as a portfolio.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$454 USD /SF

# OF UNITS

8

PRICE/UNIT

$300,000

CAP RATE

5.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1888

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

G-MU-5

APN/PARCEL ID

5022-20-005

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.