541-729-9667
1626 Logan St, Denver, CO for Sale
Apartments - FOR SALE
1/26
null | Request Cap Rate

1626 Logan St
Denver, CO 80203
Uptown Denver


HIGHLIGHTS

  • Vibrant Urban Location
  • Operation Upside
  • Value Add Upside
  • Thriving Demographic Profile
  • Competitive Advantage in a Limited Market

OVERVIEW

Unmatched Urban Convenience: The Jefferson is perfectly positioned just steps from downtown Denver, offering residents seamless access to over 145,000 jobs and a vibrant Uptown neighborhood. With a remarkable 96 Walk Score, this Walker’s Paradise is surrounded by popular bars, restaurants, and coffee shops, including local favorites like Ace Eat Serve and Steuben’s Uptown. Dynamic Lifestyle and Entertainment Hub: Residents of The Jefferson enjoy proximity to premier shopping and entertainment venues such as the 16th Street Mall, Denver Pavilion, Fillmore Auditorium, and Ogden Theatre. This dynamic location ensures endless opportunities for leisure and entertainment, enhancing the live-work-play lifestyle. Operational and Value-Add Upsides: The Jefferson offers new ownership both operational and value-add upside. Based on guidance pricing, a new investor is projected to achieve a Year 1 cap rate of 6%+ by engaging new property management and reducing controllable expenses. Additionally, since existing ownership has already made improvements to the building and common areas, new ownership can focus on execution of a unit refurbishment program to potentially increase rental rates by as much as $200 per unit, resulting in a post-refurbishment projected cap rate of 7%+. Immediate Scale and Tax Savings Opportunity: The Jefferson provides an investor with immediate scale in an urban infill submarket, along with the potential for a reduced property tax bill. Assumable Financing: The Jefferson provides an investor with the opportunity to assume in-place, accretive financing.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

52

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jefferson Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1941

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

-

APN/PARCEL ID

2349-19-006

ASK ABOUT THIS PROPERTY

Robert BratleyBerkadia Real Estate AdvisorsMore Info
541-729-9667

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Robert BratleyBerkadia Real Estate AdvisorsMore Info
541-729-9667

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