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Multifamily

1333 West Arizona Avenue

1333 West Arizona Avenue, Denver, CO 80223

Listing Price: $1,775,000

Cap Rate
4.30%
Number of Units
4
Occupancy
95.0%
Price/Unit
$443,750
Price/Gross SF
$325.69
Gross SF
5,450

Investment Overview

Marcus & Millichap is pleased to present 1333 W Arizona Avenue, a four-unit townhouse-style multifamily building located in southwest Denver’s Ruby Hill neighborhood. Built in 2006, the property offers four large four-bedroom two-bathroom units, all of which are individually metered for gas, electric, and water. All units offer front and rear entrances and in-unit laundry. There are five off-street parking spots available for residents. Over the last several years, multifamily properties in the immediate area have experienced extraordinary change spurred by ambitious investors, and this property is now surrounded by successful, well-done redevelopments. Centrally located between prominent thoroughfares including Santa Fe Drive, Mississippi Avenue and Interstate 25, the location offers high connectivity to downtown Denver and the retail corridors along South Federal Boulevard and Broadway Boulevard, while still maintaining a neighborhood experience with walkability to Ruby Hill Park, Overland Golf Course, various local restaurants and public transportation. This is the perfect opportunity to acquire a low-maintenance Denver apartment and still expect returns north of six percent by updating the units, forcing appreciation via raising rents to market and/or by selling the units individually as condominiums for a quick and easy arbitrage play.

Investment Highlights

  • Individually Metered For Gas, Electric, and Water
  • Ability to Condo Units and Sell Individually
  • Newer 2006 Construction
  • Easy Access To Interstate 25 and Downtown Denver
  • Large Four-Bedroom / Two-Bathroom Townhome-Style Units

Exclusively Listed By

Financing By

Multifamily

1333 West Arizona Avenue

Listing Price: $1,775,000

Cap Rate
4.30%
Number of Units
4
Occupancy
95.0%
Price/Unit
$443,750
Price/Gross SF
$325.69
Gross SF
5,450

Investment Highlights

  • Individually Metered For Gas, Electric, and Water
  • Ability to Condo Units and Sell Individually
  • Newer 2006 Construction
  • Easy Access To Interstate 25 and Downtown Denver
  • Large Four-Bedroom / Two-Bathroom Townhome-Style Units

Investment Overview

Marcus & Millichap is pleased to present 1333 W Arizona Avenue, a four-unit townhouse-style multifamily building located in southwest Denver’s Ruby Hill neighborhood. Built in 2006, the property offers four large four-bedroom two-bathroom units, all of which are individually metered for gas, electric, and water. All units offer front and rear entrances and in-unit laundry. There are five off-street parking spots available for residents. Over the last several years, multifamily properties in the immediate area have experienced extraordinary change spurred by ambitious investors, and this property is now surrounded by successful, well-done redevelopments. Centrally located between prominent thoroughfares including Santa Fe Drive, Mississippi Avenue and Interstate 25, the location offers high connectivity to downtown Denver and the retail corridors along South Federal Boulevard and Broadway Boulevard, while still maintaining a neighborhood experience with walkability to Ruby Hill Park, Overland Golf Course, various local restaurants and public transportation. This is the perfect opportunity to acquire a low-maintenance Denver apartment and still expect returns north of six percent by updating the units, forcing appreciation via raising rents to market and/or by selling the units individually as condominiums for a quick and easy arbitrage play.

Exclusively Listed By

Financing By

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