Investment Overview

1361 Humboldt Street is a nine-unit multifamily located in Central Denver's historic Cheesman Park Neighborhood, one of the most popular rental markets in metropolitan Denver. The 80-acre Cheesman Park is within walking distance of the property and includes large open spaces, the Denver Botanical Gardens, numerous festivals and events throughout the year, and popular restaurants and bars that surround the park in this dense residential area. There are eight one-bedroom units and one two-bedroom unit, all having various upgrades over the last 10 years. Built in 1928, this all-brick building sits on a 4,690-SF lot. There is a pitched roof estimated at 15 years old and updated systems and mechanicals. The main boiler that provides heat to the building was completely replaced in 2024 with plumbing and electrical replaced in 2007. The building is individually metered for electricity, paid directly by the residents, and master metered for gas and water, which the owner pays and is not currently being reimbursed by the residents. The property has an on-site laundry facility that is currently free to the residents, zero landscaping to maintain, and street parking only, so no parking lot to maintain. This is a strong value-add for an investor to increase rent to market plus collect additional income by charging for utilities, pets, and laundry.