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2200-2216 S Cherry St
Denver, CO 80222
Multifamily Property For Sale
·
4 Units
EXECUTIVE SUMMARY
Located in the heart of Denver, 2200 S Cherry is a fully renovated property offering four luxurious 3-bedroom, 2-bathroom units with high-end, condo-quality finishes. Designed with flexibility in mind, the property is ideal for investors seeking either short term rental income or stable, long-term leases in a desirable urban area. 2200 S Cherry is situated in a prime location close to restaurants, retail, and parks, with easy access to public transportation. Its proximity to downtown Denver and popular neighborhoods increases its appeal for both residents and visitors. With Denver’s growing population and demand for high-quality rental units, 2200 S Cherry offers strong appreciation potential and competitive returns, especially with its dual leasing options. This flexibility can help investors adjust to changing market conditions, optimizing occupancy and income. This property is ideal for investors aiming to diversify their portfolio with a premium multifamily asset in a thriving market.
PROPERTY FACTS
| Price Per Unit | $645,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 5.60% | Building Size | 5,622 SF |
| Gross Rent Multiplier | 15.17 | Average Occupancy | 1% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 0.71/1,000 SF |
| Zoning | E-SU-DX | ||
| Price Per Unit | $645,000 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Gross Rent Multiplier | 15.17 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 5,622 SF |
| Average Occupancy | 1% |
| No. Stories | 1 |
| Year Built | 1963 |
| Parking Ratio | 0.71/1,000 SF |
| Zoning | E-SU-DX |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 4 | $3,544 | 1,147 |
PROPERTY TAXES
| Parcel Number | 6302-09-025 | Improvements Assessment | $72,420 |
| Land Assessment | $24,530 | Total Assessment | $96,950 |
PROPERTY TAXES
Parcel Number
6302-09-025
Land Assessment
$24,530
Improvements Assessment
$72,420
Total Assessment
$96,950
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