5978 W 29th Ave - Apartments FOR SALE


Edgewater, CO 80214
$2,700,000 USD
720-738-1943
5978 W 29th Ave, Edgewater, CO for Sale
$2,700,000 USD
Apartments - FOR SALE
1/17
null | 5.73% Cap Rate

5978 W 29th Ave
Edgewater, CO 80214


HIGHLIGHTS

  • A+ location in Edgewater near Sloan’s Lake – shopping and dining on 29th just steps away
  • High growth submarket with recent development including retail and townhomes
  • Well maintained property with extensive recent improvements including roof (2018), electrical panels with permits (2020), laundry machines, lots
  • Attractive layouts with front and back doors and/or balconies
  • Separately metered gas/electric - tenants pay direct

OVERVIEW

5978 W 29th is a well maintained 11 unit located in one of the hottest submarkets of Denver. Tenants are drawn to this A+ location for easy access to Sloan’s lake for a park day or shopping and dining on 29th just steps away. The area has seen significant development from nearby townhomes to retail at Edgewater public market. The building consists entirely of 2Bd/1Ba units with a few premium units featuring private balconies. There have been extensive recent improvements to major systems including roof (2018), electrical panels with permits (2020), laundry machines, parking lot, and landscaping. For the right investor, this is an opportunity to buy a clean deal in a strong location that will continue to improve over time.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$302 USD /SF

# OF UNITS

11

PRICE/UNIT

$245,455

CAP RATE

5.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,994 SF

ZONING

R-3, Edgewater

APN/PARCEL ID

39-254-00-006

ASK ABOUT THIS PROPERTY

Hunter SchaeferNorthPeak Commercial AdvisorsMore Info
720-738-1943

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Hunter SchaeferNorthPeak Commercial AdvisorsMore Info
720-738-1943

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