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1230 Washington St 8 Unit Apartment Building $1,140,000 ($142,500/Unit) 6.68% Cap Rate Denver, CO 80203
Investment Highlights
- $125,000 Price Reduction!
- Beautiful Vintage 8-Unit Apartment Building Located in the Heart of Capitol Hill
- Walking Distance to Whole Foods, Denver Botanic Gardens, Cheesman Park in Addition to Numerous Bars, Restaurants and Coffee Shops
- 6.26% Current CAP Rate
- Priced Well Below Comparable Properties
- Six Off-Street Parking Spaces Provide Additional Income
Executive Summary
PRICE REDUCED! 8-Unit Bldg in Cap Hill; 6.26% Current CAP Rate
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$107,868
|
$25.39
|
| Other Income |
$11,428
|
$2.69
|
| Vacancy Loss |
$3,579
|
$0.84
|
| Effective Gross Income |
$115,717
|
$27.24
|
| Taxes |
$9,048
|
$2.13
|
| Operating Expenses |
$35,304
|
$8.31
|
| Total Expenses |
$44,352
|
$10.44
|
| Net Operating Income |
$71,365
|
$16.80
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $107,868 |
| Annual Per SF | $25.39 |
| Other Income | |
|---|---|
| Annual | $11,428 |
| Annual Per SF | $2.69 |
| Vacancy Loss | |
|---|---|
| Annual | $3,579 |
| Annual Per SF | $0.84 |
| Effective Gross Income | |
|---|---|
| Annual | $115,717 |
| Annual Per SF | $27.24 |
| Taxes | |
|---|---|
| Annual | $9,048 |
| Annual Per SF | $2.13 |
| Operating Expenses | |
|---|---|
| Annual | $35,304 |
| Annual Per SF | $8.31 |
| Total Expenses | |
|---|---|
| Annual | $44,352 |
| Annual Per SF | $10.44 |
| Net Operating Income | |
|---|---|
| Annual | $71,365 |
| Annual Per SF | $16.80 |
Property Facts
| Price | $1,140,000 | Apartment Style | Low-Rise |
| Price Per Unit | $142,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.68% | Building Size | 4,248 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Zoning | R3, Denver | ||
| Price | $1,140,000 |
| Price Per Unit | $142,500 |
| Sale Type | Investment |
| Cap Rate | 6.68% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,248 SF |
| No. Stories | 2 |
| Year Built | 1890 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | R3, Denver |
Amenities
Unit Amenities
- Cable Ready
- Microwave
- Ceiling Fans
- High Speed Internet Access
- Oven
- Range
- Wi-Fi
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Recycling
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,100 | 550 |
| 1+1 | 7 | $1,154 | 593 |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (70)
Bike Score®
Biker's Paradise (99)
Property Taxes
| Parcel Number | 5031-11-007 | Total Assessment | $114,240 |
| Land Assessment | $27,180 | Annual Taxes | $9,048 ($2.13/SF) |
| Improvements Assessment | $87,060 | Tax Year | 2024 |
Property Taxes
Parcel Number
5031-11-007
Land Assessment
$27,180
Improvements Assessment
$87,060
Total Assessment
$114,240
Annual Taxes
$9,048 ($2.13/SF)
Tax Year
2024
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1230 Washington St
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