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1225 N Clarkson St 4 Unit Apartment Building $1,400,000 ($350,000/Unit) 6.55% Cap Rate Denver, CO 80218
INVESTMENT HIGHLIGHTS
- Charming Victorian 4-Plex n the heart of Capitol Hill.
- Blocks from Cheesman Park and on bus and transit lines
- Three off-street, tuck-under parking spaces.
- Urban setting close to shopping, restaurants and active nightlife
- Well maintained; balanced mix of larger units with appealing features.
- Secured common area courtyard.
EXECUTIVE SUMMARY
This well-maintained classic Victorian residence in Capitol Hill checks all the boxes. With it's prime location, thoughtful renovations, desirable tenant unit layouts, sizes and features makes it an appealing acquisition in this competitive environment.
This converted Denver Square's layout offers 3 large units each with their own washer/dryers, nicely appointed kitchens and many original architectural treatments. Unit 4 is a studio loft apartment, built in 2016, that cantilevers over the original garage creating covered parking for units 2, 3 and 4. The garage houses the loft's washer and dryer and tenants additional storage.
There is large front porch facing east that creates a cool perch to enjoy the shade in the summer and the courtyard in back is sunny, bright and private. The backyard is fenced with secure coded entry. This property offers privacy in an urban environment appealing to tenants, investor or owner occupants looking to tap into additional income.
This converted Denver Square's layout offers 3 large units each with their own washer/dryers, nicely appointed kitchens and many original architectural treatments. Unit 4 is a studio loft apartment, built in 2016, that cantilevers over the original garage creating covered parking for units 2, 3 and 4. The garage houses the loft's washer and dryer and tenants additional storage.
There is large front porch facing east that creates a cool perch to enjoy the shade in the summer and the courtyard in back is sunny, bright and private. The backyard is fenced with secure coded entry. This property offers privacy in an urban environment appealing to tenants, investor or owner occupants looking to tap into additional income.
PROPERTY FACTS
| Price | $1,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $350,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 6.55% | Building Size | 4,317 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2016 |
| Property Subtype | Apartment | Parking Ratio | 0.78/1,000 SF |
| Zoning | G-MU-5 - General Multi-Unit 5 stories. | ||
| Price | $1,400,000 |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| Cap Rate | 6.55% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,317 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2016 |
| Parking Ratio | 0.78/1,000 SF |
| Zoning | G-MU-5 - General Multi-Unit 5 stories. |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Disposal
- Ceiling Fans
- Smoke Free
SITE AMENITIES
- Laundry Facilities
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 7+4.5 | 4 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (99)
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1225 N Clarkson St
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