2330 E 12th Ave - Apartments FOR SALE


Denver, CO 80206- Cheesman Park
$3,950,000 USD
303-818-1805
2330 E 12th Ave, Denver, CO for Sale
$3,950,000 USD
Apartments - FOR SALE
1/17
null | 4.96% Cap Rate

2330 E 12th Ave
Denver, CO 80206
Cheesman Park


HIGHLIGHTS

  • Classic Property Full of Vintage Charm
  • Available for First Time in 60 Years
  • Immediate Rental Upside
  • Beautiful Curb Appeal with Private Courtyard
  • Attractive Cheesman Park Neighborhood offers Dining, Shops and Recreation

OVERVIEW

The BlueEtt Apartments is a classic 1930s building in Denver’s coveted Cheesman Park neighborhood. The property offers 17 spacious one-bedroom units, plus five garages behind the landscaped courtyard. Vintage character is evident in the architecture, masonry and interior features. Two local families have owned the property together since the 1960s. Recent capital improvements include a roof replacement (2006) and new boiler (2019). There are opportunities for a value-add investor to dramatically raise rents at the property. The BlueEtt is located just two blocks from the Denver Botanic Gardens, the 12th Avenue retail shops, and Cheesman Park.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$272 USD /SF

# OF UNITS

17

PRICE/UNIT

$232,353

CAP RATE

4.96%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Bluette

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

G-MU-3

APN/PARCEL ID

5012-32-043

ASK ABOUT THIS PROPERTY

Conner PirettiNorthPeak Commercial AdvisorsMore Info
303-818-1805

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Conner PirettiNorthPeak Commercial AdvisorsMore Info
303-818-1805

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