1690 W Girard Ave - Apartments FOR SALE


Englewood, CO 80110
$2,200,000 USD
303-481-2875
1690 W Girard Ave, Englewood, CO for Sale
$2,200,000 USD
Apartments - FOR SALE
1/35
null | 6.14% Cap Rate

1690 W Girard Ave
Englewood, CO 80110


HIGHLIGHTS

  • Clean, well maintained units with opportunity for value-add renovations and upgrades
  • Excellent location with close proximity to River Point at Sheridan shopping, dining, and entertainment
  • Nearby major city thoroughfares - Hampden Ave, Federal Blvd, and Broadway
  • Each unit has both front and back entrances
  • On-site laundry and 1:1 off-street parking ratio
  • Historically strong occupancy rates with strong tenant base

OVERVIEW

1690 West Girard Avenue in Englewood presents a compelling investment opportunity conveniently located near River Point at Sheridan, which offers numerous shopping, grocery, dining and entertainment options. Built in 1945, the investment features on-site laundry, off-street parking, and a well-kept interior courtyard to appeal to a strong tenant base. The asset also features 16 one-bedroom units, offering operational efficiency. The units have been moderately upgraded, presenting new ownership the opportunity to further renovate the property, improving on an already strong net operating income. Unit/Community Amenities: • 12/16 units have been upgraded with new LVP flooring, new carpet in bedrooms, updated bathrooms, and fresh paint throughout • Each unit has an entrance to parking and interior courtyard • New double-paned windows throughout entire property • 1:1 parking ratio • 24-hour secure onsite laundry • Spacious interior courtyard

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$257 USD /SF

# OF UNITS

16

PRICE/UNIT

$137,500

CAP RATE

6.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Andrew VollertKaufman HaganMore Info
303-481-2875

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Andrew VollertKaufman HaganMore Info
303-481-2875

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