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Plaza III 2805-2901 S Locust St 5 Unit Apartment Building $2,250,000 ($450,000/Unit) 4.72% Cap Rate Denver, CO 80222
EXECUTIVE SUMMARY
**Now a 5 Unit Offering** Plaza III is a townhome neighborhood, featuring walk-up style units in 8-unit per building configurations, with common/shared garages below them.
Plaza III is a very desirable community, as these townhomes, along the I-25 corridor, have 2-car garages, and ample square footage. The location is ideal for anyone who needs to use I-25 on a frequent basis. These attributes combine to give Plaza III a unique niche in the Denver market, attractive for every portfolio
Plaza III is a very desirable community, as these townhomes, along the I-25 corridor, have 2-car garages, and ample square footage. The location is ideal for anyone who needs to use I-25 on a frequent basis. These attributes combine to give Plaza III a unique niche in the Denver market, attractive for every portfolio
PROPERTY FACTS
| Price | $2,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $450,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 4.72% | Building Size | 7,545 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1970 |
| Zoning | S-MU-3 | ||
| Price | $2,250,000 |
| Price Per Unit | $450,000 |
| Sale Type | Investment |
| Cap Rate | 4.72% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 7,545 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Zoning | S-MU-3 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer
- Tile Floors
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
- Basement
- Family Room
- Freezer
- Patio
- Vinyl Flooring
SITE AMENITIES
- Pool
- Multi Use Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+3 | 3 | - | - |
| 2+2 | 2 | - | - |
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Bike Score®
Very Bikeable (73)
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Plaza III | 2805-2901 S Locust St
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