Multifamily

3100 Umatilla St

3100 Umatilla St, Denver, CO 80211

Listing Price: $1,800,000

Cap Rate
4.73%
Number of Units
4
GRM
16.95
Occupancy
95.00%
Price/Unit
$450,000
Price/Gross SF
$461.54
Gross SF
3,900

Investment Overview

3100 North Umatilla Street is a four-unit, multifamily property located in the sought-after Lower Highlands neighborhood of Denver. The apartments boast an excellent location, with a score of retail, restaurant, outdoor, and educational amenities such as North High School, Little Man Ice Cream, Avanti Food and Beverage, Hirshorn Park, and much more located just minutes away. Downtown Denver, an area that is host to a myriad of other retail and restaurant locations, bars, pubs, and community events, is located just 1.8 miles (roughly eight minutes by car), from the apartments. Residents enjoy easy access to some of the most notable educational institutions in the Denver Metro, such as Metropolitan State University of Denver, an institution that attracts almost 20,000 students annually, and University of Colorado Denver (CU Denver), a full-service, commuter campus under the University of Colorado school system with an annual enrollment of almost 15,000 students, both of which are under two miles, or an eight-minute drive away from the property. The apartments are situated just a mile away from I-25, which allows for convenient travel southeast to the Denver Tech Center and provides connections to I-70, which further connects eastbound to Denver International Airport. While several amenities are close-by, transportation is made simple through the nearby Union Station Light Rail, which offers quick transfers westbound to Golden and southeast to Lone Tree via trains every 15 minutes and to Denver International Airport via trains every 30 minutes.

The property sits on 0.14 acres and consists of a single one-bedroom/one-bathroom unit, a single one-bedroom/one-and-a-half-bathroom unit, one two-bedroom/one-bathroom unit, and one three-bedroom/one-and-a-half-bathroom unit to cater to different unit-type needs. Amenities include hardwood floors, ceiling fans, second-floor balcony, patio, stainless steel appliances, quartz countertops, ample closet space, private fenced parking lot and off-street parking. This property has a redevelopment play with zoning for C-MX-3 (Commercial Mixed Use, up to Three Stories High).

Investment Highlights

  • 4-Unit Multifamily Property
  • Hardwood Floors, Quartz Counter Tops, Stainless Steel Appliances, and more
  • Off-Street Parking (1.4/Unit)
  • Rentable Sf: 3,900
  • Zoning: C-MX-3
  • Lot Sizes 0.14

Exclusively Listed By

Listing Price: $1,800,000

Cap Rate
4.73%
Number of Units
4
GRM
16.95
Occupancy
95.00%
Price/Unit
$450,000
Price/Gross SF
$461.54
Gross SF
3,900

Investment Highlights

  • 4-Unit Multifamily Property
  • Hardwood Floors, Quartz Counter Tops, Stainless Steel Appliances, and more
  • Off-Street Parking (1.4/Unit)
  • Rentable Sf: 3,900
  • Zoning: C-MX-3
  • Lot Sizes 0.14

Investment Overview

3100 North Umatilla Street is a four-unit, multifamily property located in the sought-after Lower Highlands neighborhood of Denver. The apartments boast an excellent location, with a score of retail, restaurant, outdoor, and educational amenities such as North High School, Little Man Ice Cream, Avanti Food and Beverage, Hirshorn Park, and much more located just minutes away. Downtown Denver, an area that is host to a myriad of other retail and restaurant locations, bars, pubs, and community events, is located just 1.8 miles (roughly eight minutes by car), from the apartments. Residents enjoy easy access to some of the most notable educational institutions in the Denver Metro, such as Metropolitan State University of Denver, an institution that attracts almost 20,000 students annually, and University of Colorado Denver (CU Denver), a full-service, commuter campus under the University of Colorado school system with an annual enrollment of almost 15,000 students, both of which are under two miles, or an eight-minute drive away from the property. The apartments are situated just a mile away from I-25, which allows for convenient travel southeast to the Denver Tech Center and provides connections to I-70, which further connects eastbound to Denver International Airport. While several amenities are close-by, transportation is made simple through the nearby Union Station Light Rail, which offers quick transfers westbound to Golden and southeast to Lone Tree via trains every 15 minutes and to Denver International Airport via trains every 30 minutes.

The property sits on 0.14 acres and consists of a single one-bedroom/one-bathroom unit, a single one-bedroom/one-and-a-half-bathroom unit, one two-bedroom/one-bathroom unit, and one three-bedroom/one-and-a-half-bathroom unit to cater to different unit-type needs. Amenities include hardwood floors, ceiling fans, second-floor balcony, patio, stainless steel appliances, quartz countertops, ample closet space, private fenced parking lot and off-street parking. This property has a redevelopment play with zoning for C-MX-3 (Commercial Mixed Use, up to Three Stories High).

Exclusively Listed By

MM Texture Background
MM Textured Background Lower