636 S Quitman St - Apartments FOR SALE


Denver, CO 80219- Southwest Denver
$1,425,000 USD
720-738-1941
636 S Quitman St, Denver, CO for Sale
$1,425,000 USD
Apartments - FOR SALE
1/31
null | 5.83% Cap Rate

636 S Quitman St
Denver, CO 80219
Southwest Denver


HIGHLIGHTS

  • Good location just off Morrison Road
  • All units in a side-by-side layout
  • Majority of the units fully renovated
  • Various electrical improvements/upgrades
  • 11/12 units heated with newer electric heaters
  • Ample off-street parking (demand from various auto businesses nearby to store additional vehicles)

OVERVIEW

636 S Quitman Street is ideally situated just off Morrison Road in a rapidly developing area. The property consists of 12 side-by-side units, including 5 - Studios, 6 - 1Bd/1Ba units, and 1 - 2Bd/1Ba unit, with a total building size of 3,700 SF and a generous lot size of 21,088 SF. The two-building layout places units #1–6 in the North Building and units #7-12 in the South Building. As for common areas, there is a small office and shared laundry room with coin operated machines in the South building. There are two sheds and ample off-street parking of approximately 30 spaces. The property has undergone significant updates, including major electrical improvements such as the replacement of subpanels and new home runs to the main panels. Majority of the units have been fully renovated, while three have received basic updates. Heating systems have also been modernized, with the majority of units heated via electric, excluding one unit (2Bd/1Ba) that retains a gas furnace.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$385 USD /SF

# OF UNITS

5

PRICE/UNIT

$285,000

CAP RATE

5.83%

% 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

1952

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

B4, Denver

APN/PARCEL ID

5181-45-005

ASK ABOUT THIS PROPERTY

Dan HawthorneNorthPeak Commercial AdvisorsMore Info
720-738-1941

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Dan HawthorneNorthPeak Commercial AdvisorsMore Info
720-738-1941

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