403 23rd St - Apartments FOR SALE


Golden, CO 80401
$3,050,000 USD
303-962-9543
403 23rd St, Golden, CO for Sale
$3,050,000 USD
Apartments - FOR SALE
1/28
null | 5.21% Cap Rate

403 23rd St
Golden, CO 80401


HIGHLIGHTS

  • 5 – Plex, 4 – Plex, Duplex for sale
  • Assumable financing available at 4.2% for another 6 years
  • New roofs (2018); All units have been updated (6 have been fully renovated)
  • Located one block from Natural Grocers and a 10 minute walk to the School of Mines campus
  • Low vacancy and low turnover with many long term tenants
  • 1.5 Miles from the new Coors Redevelopment Project at Clayworks

OVERVIEW

403 23rd Street in Golden, CO is an 11-unit apartment community, comprised of three buildings on one 26,250 square foot parcel. There are (3) 2 bedroom/1 bath units, and (8) 1 bedroom/1 bath units. The property is fully occupied, maintains a near zero vacancy annually, and has very low turnover. It is an easy-going community, mostly comprised of young professionals who work in Golden and a few students from the Colorado School of Mines. The property is located just 1.5 miles from the Coors redevelopment project at Clayworks, which will bring 1.2 million square feet of new office, residential, hotel and retail space to a five-block district.

FOR SALE DETAILS

PRICE

$3,050,000 USD

PRICE/SF

$490 USD /SF

# OF UNITS

11

PRICE/UNIT

$277,273

CAP RATE

5.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1929

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,250 SF

ZONING

R-1

APN/PARCEL ID

30-341-16-006

ASK ABOUT THIS PROPERTY

Jim KnowltonPinnacle Real Estate AdvisorsMore Info
303-962-9543

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Jim KnowltonPinnacle Real Estate AdvisorsMore Info
303-962-9543

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