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1671 Washington St
Denver, CO 80203
1671 Washington · Multifamily Property For Sale
·
23 Units
INVESTMENT HIGHLIGHTS
- Classic 1905 Construction with Historic Character that Differentiates from New-Construction Apartments
- Efficient Unit Mix Suitable for Workforce and Urban Renters
- On-Site Laundry Facility and Shared Tenant Patios
- Undercapitalized Basement with Value-Add Potential
EXECUTIVE SUMMARY
The 23-unit (22 studios and one 1-bedroom) renovated apartment building in Uptown presents a compelling investment opportunity for individuals seeking to capitalize on the thriving real estate market in the area. Its prime location, extensive renovations, and market demand for high-quality rentals position the property for long-term success. With a strong financial outlook and the potential for attractive returns, this property is well-suited for investors looking to enter or expand their portfolio in the Denver market. 1671 Washington is located on the 17th Avenue corridor of Uptown and is known for its vibrant atmosphere, with an abundance of restaurants, cafes, and shops within walking distance. The neighborhood also benefits from its proximity to downtown Denver, major employers, and cultural attractions, making it an ideal location for professionals and individuals seeking a convenient and engaging lifestyle.
PROPERTY FACTS
| Price Per Unit | $121,739 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 5.82% | Building Size | 6,731 SF |
| No. Units | 23 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1905 |
| Apartment Style | Low-Rise | ||
| Zoning | C-MS-5 | ||
| Price Per Unit | $121,739 |
| Sale Type | Investment |
| Cap Rate | 5.82% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 6,731 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1905 |
| Zoning | C-MS-5 |
AMENITIES
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 22 | - | 269 |
| 1+1 | 1 | - | 449 |
PROPERTY TAXES
| Parcel Number | 2349-21-035 | Improvements Assessment | $200,250 |
| Land Assessment | $38,310 | Total Assessment | $238,560 |
PROPERTY TAXES
Parcel Number
2349-21-035
Land Assessment
$38,310
Improvements Assessment
$200,250
Total Assessment
$238,560
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