Multifamily
7721-7729 East 14th, Ave
7721 E 14th Ave, Denver, CO 80220
Listing Price: $1,125,000
Investment Overview
Marcus & Millichap is pleased to present 7721 E 14th Ave, a rare six-unit cottage-style multifamily investment opportunity located in the highly desirable East Denver submarket. Situated on a prominent 0.35-acre corner lot, the property consists of six fully renovated side-by-side residences that provide tenants with the privacy and feel of single-family living while offering investors the operational efficiencies of multifamily ownership. Each unit is complemented by a detached garage that is leased separately, creating an additional income stream and enhancing the overall tenant experience.
The property is offered at a 7.35% Day One Cap Rate with the ability to increase to a 7.89% Year One Cap Rate, providing investors with immediate cash flow and continued income growth. In addition to its strong in-place operations, the unique side-by-side layout presents an attractive opportunity for a future condominium conversion or long-term redevelopment, offering multiple paths to create value. With its turnkey condition, differentiated product type, and desirable Denver location, 7721 E 14th Ave represents a compelling opportunity to acquire a high-quality asset with durable cash flow and long-term appreciation potential.
Investment Highlights
- Six cottage-style homes offer single-family privacy with the efficiency of multifamily ownership.
- Situated on a 0.35-acre corner lot with strong land value and future redevelopment potential.
- Unique layout may support a future condo conversion, creating an additional value-add opportunity.
- Fully renovated property with modern finishes and minimal near-term capital needs.
- Detached garages provide additional income and a highly desirable tenant amenity.
Exclusively Listed By
Listing Price: $1,125,000
Investment Highlights
- Six cottage-style homes offer single-family privacy with the efficiency of multifamily ownership.
- Situated on a 0.35-acre corner lot with strong land value and future redevelopment potential.
- Unique layout may support a future condo conversion, creating an additional value-add opportunity.
- Fully renovated property with modern finishes and minimal near-term capital needs.
- Detached garages provide additional income and a highly desirable tenant amenity.
Investment Overview
Marcus & Millichap is pleased to present 7721 E 14th Ave, a rare six-unit cottage-style multifamily investment opportunity located in the highly desirable East Denver submarket. Situated on a prominent 0.35-acre corner lot, the property consists of six fully renovated side-by-side residences that provide tenants with the privacy and feel of single-family living while offering investors the operational efficiencies of multifamily ownership. Each unit is complemented by a detached garage that is leased separately, creating an additional income stream and enhancing the overall tenant experience. The property is offered at a 7.35% Day One Cap Rate with the ability to increase to a 7.89% Year One Cap Rate, providing investors with immediate cash flow and continued income growth. In addition to its strong in-place operations, the unique side-by-side layout presents an attractive opportunity for a future condominium conversion or long-term redevelopment, offering multiple paths to create value. With its turnkey condition, differentiated product type, and desirable Denver location, 7721 E 14th Ave represents a compelling opportunity to acquire a high-quality asset with durable cash flow and long-term appreciation potential.
Exclusively Listed By