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Multifamily

East of East

1666 Detroit St, Denver, CO 80206

Listing Price: $3,430,000

Cap Rate
3.11%
Number of Units
14
Price/Unit
$245,000
Price/Gross SF
$368.22
Gross SF
9,315

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 1666 Detriot Street, a well-maintained 14 unit apartment community located in the thriving City Park neighborhood. Located walking distance from City Park, the subject property was originally constructed in 1931 and offers its tenants a unique mix of one, two and three bedroom units. Residents at the East of East have easy access to many convenient community amenities including shared laundry, on-site storage, and multiple income producing two car garages. Residents are near many walkable amenities. This property sits between City Park, Cheesman Park and Civic Center Park. These are some of the largest parks in Denver and offer outdoor activities such as biking, kayaking, and running. East of East is one block away from Colfax Avenue, Colfax boasts an assortment of bars, shopping, restaurants, and music venues. The neighborhood is highly sought after by Denver apartment dwellers due to the historic charm and neighborhood features. The investment appeal of this asset is driven by the strong employment fundamentals, and rapidly expanding rental demand in the Denver, CO. This well located asset, in downtown Denver, presents an attractive choice for Colorado renters wanting to enjoy the city life.

Investment Highlights

  • First Time Offered for Sale in 40 Years
  • Extremely Appealing 1930's Art Deco Construction
  • Walking Distance to Neighborhood Bars, Retail and Shopping

Exclusively Listed By

Financing By

Multifamily

East of East

Listing Price: $3,430,000

Cap Rate
3.11%
Number of Units
14
Price/Unit
$245,000
Price/Gross SF
$368.22
Gross SF
9,315

Investment Highlights

  • First Time Offered for Sale in 40 Years
  • Extremely Appealing 1930's Art Deco Construction
  • Walking Distance to Neighborhood Bars, Retail and Shopping

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 1666 Detriot Street, a well-maintained 14 unit apartment community located in the thriving City Park neighborhood. Located walking distance from City Park, the subject property was originally constructed in 1931 and offers its tenants a unique mix of one, two and three bedroom units. Residents at the East of East have easy access to many convenient community amenities including shared laundry, on-site storage, and multiple income producing two car garages. Residents are near many walkable amenities. This property sits between City Park, Cheesman Park and Civic Center Park. These are some of the largest parks in Denver and offer outdoor activities such as biking, kayaking, and running. East of East is one block away from Colfax Avenue, Colfax boasts an assortment of bars, shopping, restaurants, and music venues. The neighborhood is highly sought after by Denver apartment dwellers due to the historic charm and neighborhood features. The investment appeal of this asset is driven by the strong employment fundamentals, and rapidly expanding rental demand in the Denver, CO. This well located asset, in downtown Denver, presents an attractive choice for Colorado renters wanting to enjoy the city life.

Exclusively Listed By

Financing By

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