This property is Off-Market

60 Corona Street
Denver, CO 80218 ·

22 Units · Multifamily For Sale

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The McFee

Price N/A Property Sub-type Garden/Low-Rise
No. Units 22 Property Use Type Investment
Building Size 13,652 SF Cap Rate 7.37%
Property Type Multifamily Year Built 1960
Listing ID: 16586438 Date Created: 02/24/2010 Last Updated: 08/12/2010

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.

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

Research

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

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