1520-1526 Wabash St - Apartments FOR SALE


Denver, CO 80220- East Colfax
$2,690,000 USD
303-210-1623
1520-1526 Wabash St, Denver, CO for Sale
$2,690,000 USD
Apartments - FOR SALE
1/20
null | 5.96% Cap Rate

1520-1526 Wabash St
Denver, CO 80220
East Colfax


HIGHLIGHTS

  • Large scale renovation including, new windows, exterior rails, unit electric panels, hallways and more
  • Great unit mix consisting of studios, 1’s, 2’s and 3 bedroom units
  • 13 off-street parking spaces
  • Recent roof repairs with a 5-year warranty

OVERVIEW

Recently renovated 14-unit multifamily property strategically located between downtown Denver and the Fitzsimons Medical Campus. The property features a diverse unit mix: 1 studio, 4 one-bedroom, 6 two-bedroom, and 3 three-bedroom units. Investment Highlights: • Turnkey asset with recent comprehensive renovation program • Immediate rent growth potential with below-market current rates • Operational upside through management optimization • Transit-oriented location near two major employment hubs • Positive growth rental submarket This offering combines the stability of a renovated asset with value-add potential through rental rate growth and operational efficiencies.

FOR SALE DETAILS

PRICE

$2,690,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

14

PRICE/UNIT

$192,143

CAP RATE

5.96%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

E-RH-2.5

APN/PARCEL ID

1334-25-009

ASK ABOUT THIS PROPERTY

Matthew LewallenNorthPeak Commercial AdvisorsMore Info
303-210-1623

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Matthew LewallenNorthPeak Commercial AdvisorsMore Info
303-210-1623

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