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Glory Apartments 1345-1363 Yosemite St 47 Unit Apartment Building $6,240,000 ($132,766/Unit) 10.53% Cap Rate Denver, CO 80220
Executive Summary
MMG Real Estate Advisors is pleased to present the rare opportunity to acquire a four-property, 94-unit multifamily portfolio in East Denver. The portfolio consists of 1474 Xenia Street (13 units), 1129 Akron Street (13 units), 1205 Yosemite Street (20 units), and 1345–1363 Yosemite Street (48 units). Properties can be purchased together, or separately. All four properties are 90% occupied, located within 1-2 miles of each other in the East Colfax and Lowry submarkets, and share a consistent workforce housing profile with strong in-place income, recent capital improvements, and meaningful value-add upside. Together, they offer an investor the scale, operational efficiency, and submarket concentration that individual acquisitions cannot replicate.
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- Offering Memorandum
Property Facts
| Price | $6,240,000 | Building Class | C |
| Price Per Unit | $132,766 | Lot Size | 0.79 AC |
| Sale Type | Investment | Building Size | 29,002 SF |
| Cap Rate | 10.53% | Average Occupancy | 90% |
| No. Units | 47 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 0.3/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-3, Denver | ||
| Price | $6,240,000 |
| Price Per Unit | $132,766 |
| Sale Type | Investment |
| Cap Rate | 10.53% |
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 29,002 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 0.3/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3, Denver |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Refrigerator
- Handrails
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Trash Pickup - Curbside
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 440 |
| 1+1 | 33 | - | 570 - 756 |
| 2+1 | 8 | - | 750 - 800 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $58,770 | |
| Land Assessment | $58,770 | Total Assessment | $368,690 |
Property Taxes
Parcel Numbers
Land Assessment
$58,770
Improvements Assessment
$58,770
Total Assessment
$368,690
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