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1439 Detroit St 7 Unit Apartment Building $1,425,000 ($203,571/Unit) 5.48% Cap Rate Denver, CO 80206
Investment Highlights
- TROPHY ASSET IN CONGRESS PARK
- PRIMARILY OVERSIZED (800+SF) ONE BEDROOM UNITS
- NEWER ROOF AND WINDOWS
- ATTRACTIVE VINTAGE CHARACTER
- RENTAL UPSIDE IN AS-IS CONDITION
- WALKING DISTANCE TO CITY PARK, CONGRESS PARK AND CHEESMAN PARK
Executive Summary
The Stella is a stunning, vintage 7 unit apartment building features 6 large and unique 1Br/1Ba units and 1 spacious studio apartment. This one-of-a-kind property offers onsite laundry, 2 off-street parking spots, newer windows, private courtyard and a unique charm that you feel throughout the building. From the custom artwork to the beautifully maintained woodwork, this property’s character is truly unmatched.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$111,696
|
$26.79
|
| Other Income |
$11,583
|
$2.78
|
| Vacancy Loss |
$5,585
|
$1.34
|
| Effective Gross Income |
$117,694
|
$28.22
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$39,553
|
$9.49
|
| Net Operating Income |
$78,141
|
$18.74
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $111,696 |
| Annual Per SF | $26.79 |
| Other Income | |
|---|---|
| Annual | $11,583 |
| Annual Per SF | $2.78 |
| Vacancy Loss | |
|---|---|
| Annual | $5,585 |
| Annual Per SF | $1.34 |
| Effective Gross Income | |
|---|---|
| Annual | $117,694 |
| Annual Per SF | $28.22 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $39,553 |
| Annual Per SF | $9.49 |
| Net Operating Income | |
|---|---|
| Annual | $78,141 |
| Annual Per SF | $18.74 |
Property Facts
| Price | $1,425,000 | Apartment Style | Low-Rise |
| Price Per Unit | $203,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.48% | Building Size | 5,654 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1903/2016 |
| Property Subtype | Apartment | Parking Ratio | 0.35/1,000 SF |
| Zoning | R3 | ||
| Price | $1,425,000 |
| Price Per Unit | $203,571 |
| Sale Type | Investment |
| Cap Rate | 5.48% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,654 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1903/2016 |
| Parking Ratio | 0.35/1,000 SF |
| Zoning | R3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 6 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5012-05-018 | Improvements Assessment | $33,410 |
| Land Assessment | $33,410 | Total Assessment | $92,140 |
Property Taxes
Parcel Number
5012-05-018
Land Assessment
$33,410
Improvements Assessment
$33,410
Total Assessment
$92,140
Contacts
-
Chris Knowlton -
Jim Knowlton -
Luke Salazar -
Jennifer King -
Pinnacle Real Estate Advisors
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