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Denver University Duplexes 2323 S High St 2 Unit Apartment Building $1,550,000 ($775,000/Unit) 6.19% Cap Rate Denver, CO 80210
INVESTMENT HIGHLIGHTS
- Each unit includes a rentable mother in law suite with its own semi-private entrance
- 2 laundry rooms in each unit
- Each Room includes its own adjacent living space - perfect for roommate living
EXECUTIVE SUMMARY
2 half duplexs are available for purchase. 2323 & 2313 South High St.
Strategically located in the University Neighborhood across from the University of Denver Campus on the corner of High Street and Iliff.
Each unit is +-2200 square feet | 3 Bed | 4 Bath | 1 car.
Each Unit includes 3 en-suite living spaces providing multiple laundry, kitchen, and living areas. Perfect for the young professional and student tenant base in the area.
Strategically located in the University Neighborhood across from the University of Denver Campus on the corner of High Street and Iliff.
Each unit is +-2200 square feet | 3 Bed | 4 Bath | 1 car.
Each Unit includes 3 en-suite living spaces providing multiple laundry, kitchen, and living areas. Perfect for the young professional and student tenant base in the area.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$108,000
|
$24.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$108,000
|
$24.67
|
| Taxes |
$9,000
|
$2.06
|
| Operating Expenses |
$4,000
|
$0.91
|
| Total Expenses |
$13,000
|
$2.97
|
| Net Operating Income |
$95,000
|
$21.70
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $108,000 |
| Annual Per SF | $24.67 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $108,000 |
| Annual Per SF | $24.67 |
| Taxes | |
|---|---|
| Annual | $9,000 |
| Annual Per SF | $2.06 |
| Operating Expenses | |
|---|---|
| Annual | $4,000 |
| Annual Per SF | $0.91 |
| Total Expenses | |
|---|---|
| Annual | $13,000 |
| Annual Per SF | $2.97 |
| Net Operating Income | |
|---|---|
| Annual | $95,000 |
| Annual Per SF | $21.70 |
PROPERTY FACTS
| Price | $1,550,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $775,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6.19% | Building Size | 4,378 SF |
| No. Units | 2 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 0.46/1,000 SF |
| Zoning | G-MU-5 | ||
| Price | $1,550,000 |
| Price Per Unit | $775,000 |
| Sale Type | Investment |
| Cap Rate | 6.19% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 4,378 SF |
| No. Stories | 4 |
| Year Built | 2023 |
| Parking Ratio | 0.46/1,000 SF |
| Zoning | G-MU-5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Double Vanities
- Eat-in Kitchen
- Oven
- Range
- Walk-In Closets
- Carpet
- Basement
- Deck
- Family Room
- Freezer
- Island Kitchen
- Lawn
- Mother-in-law Unit
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+4 | 2 | $4,500 | 2,189 - 2,304 |
1 1
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (86)
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Denver University Duplexes | 2323 S High St
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