Historical Multifamily Sale Listing - The McFee

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The McFee

60 Corona Street, Denver, CO 80218

N/A

22 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
22
Building Size:
13,652 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
7.37%
Year Built:
1960
Listing ID
16586438
Last Updated
over 1 year ago

Highlights

  • Estate Sale
  • Premier Country Club Location
  • Recently Renovated
  • Rent Potential
  • Close to Jobs, Shopping and Transit
  • 5 Blocks from Denver's Popular Wash Park

Description

The McFee Apartments is a 22-unit, two- and one-half story, flat roof, interior hallway building, built in 1960 for the current owner. The building has front and rear entrances with a limited controlled buzzer/intercom and key access. The unit mix consists of ten spacious (10) studios, eleven (11) one-bedroom and one (1) two-bedroom, one-bath units. There are seventeen paved, off-street parking spaces to the rear and south side of the building and mature landscaping to the front. This property is well-constructed with concrete floors and the hallways have the milk box chutes, which are typical for a building of this era. The owner has spent approximately $100,000 in capital improvements over the last two-and-a-half years. All new energy efficient windows were installed, which has significantly lowered gas expense. Bay windows with wood surrounds were installed on the building' s north side to provide additional light. The membrane roof was replaced in 2003-04.

The McFee Apartments is located in the desirable Central Denver submarket known as the Denver Country Club area. This prestigious country club, which is one-block away, is surrounded by expensive single-family homes, many of which date back to the city of Denver' s mining heydays. Many of these homes have been modernized and upgraded. The community is just off the southwest corner of the busy Speer Boulevard Parkway and Downing Street amongst mid rise and luxury high-rise residential buildings.

Map of 60 Corona Street, Denver, CO 80218 (Denver County)

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