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1458 Gaylord St 10 Unit Apartment Building $1,895,000 ($189,500/Unit) 5.72% Cap Rate Denver, CO 80206
Investment Highlights
- Attractive core location with a walk score of 93
- New roof & exterior paint (2020)
- 6 income producing garages
- Just steps from City Park & St. Joe’s Hospital
- Upgraded electrical
- High ceilings with some attractive layouts
Executive Summary
1458 N Gaylord St. is a 10-unit multifamily investment property. The property features a mix of 1- and 2-bedroom units with high ceilings and some uniquely attractive floorplans. The property sits in a highly desirable core location with a walk score of 93. Tenants enjoy walkability to work and play at City Park, Cheesman Park, and St. Joe’s Hospital.
There have been extensive recent improvements including new roof, exterior paint, upgraded electrical, and interior renovations. One value add opportunity is to increase the income from the 6 garages on site. For the right investor, this is a great opportunity to buy in core location that will continue to improve over time.
There have been extensive recent improvements including new roof, exterior paint, upgraded electrical, and interior renovations. One value add opportunity is to increase the income from the 6 garages on site. For the right investor, this is a great opportunity to buy in core location that will continue to improve over time.
Property Facts
| Price | $1,895,000 | Building Class | C |
| Price Per Unit | $189,500 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 7,703 SF |
| Cap Rate | 5.72% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1894/1917 |
| Property Subtype | Apartment | Parking Ratio | 0.78/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | G-MU-3 | ||
| Price | $1,895,000 |
| Price Per Unit | $189,500 |
| Sale Type | Investment |
| Cap Rate | 5.72% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 7,703 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1894/1917 |
| Parking Ratio | 0.78/1,000 SF |
| Zoning | G-MU-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 363 |
| 1+1 | 5 | - | 542 |
| 2+1 | 3 | - | 653 |
| 2+2 | 1 | - | 986 |
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Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5021-01-002 | Improvements Assessment | $45,200 |
| Land Assessment | $45,200 | Total Assessment | $154,460 |
Property Taxes
Parcel Number
5021-01-002
Land Assessment
$45,200
Improvements Assessment
$45,200
Total Assessment
$154,460
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1458 Gaylord St
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