Multifamily

3600 E 13th Avenue

3600 E 13th Ave, Denver, CO 80206

Listing Price: $899,000

Cap Rate
5.28%
Number of Units
4
Price/Unit
$224,750
Price/Gross SF
$272.42
Gross SF
3,300

Investment Overview

3600 E 13th Avenue is a five-unit apartment community in Denver’s popular Congress Park neighborhood. The building, built in 1940, offers two one-bedroom, two two-bedroom units, and one studio. Residents enjoy off-street parking, a rarity in this neighborhood. Situated on a large corner lot just two blocks south of Colfax Avenue, the property also offers residents a highly walkable day-to-day routine and easy access to trendy restaurants and popular parks. This property is a heavy value-add opportunity with major upside in Denver’s core. Each unit is individually metered for gas and electric.

Investment Highlights

  • Heavy Value-Add Opportunity with Major Upside
  • Over 25% Loss to Lease on Current vs Renovated Rents
  • Opportunity to Increase Revenue by Adding Parking and Coin-Operated Laundry
  • Individually Metered for Gas and Electric

Exclusively Listed By

Listing Price: $899,000

Cap Rate
5.28%
Number of Units
4
Price/Unit
$224,750
Price/Gross SF
$272.42
Gross SF
3,300

Investment Highlights

  • Heavy Value-Add Opportunity with Major Upside
  • Over 25% Loss to Lease on Current vs Renovated Rents
  • Opportunity to Increase Revenue by Adding Parking and Coin-Operated Laundry
  • Individually Metered for Gas and Electric

Investment Overview

3600 E 13th Avenue is a five-unit apartment community in Denver’s popular Congress Park neighborhood. The building, built in 1940, offers two one-bedroom, two two-bedroom units, and one studio. Residents enjoy off-street parking, a rarity in this neighborhood. Situated on a large corner lot just two blocks south of Colfax Avenue, the property also offers residents a highly walkable day-to-day routine and easy access to trendy restaurants and popular parks. This property is a heavy value-add opportunity with major upside in Denver’s core. Each unit is individually metered for gas and electric.

Exclusively Listed By

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