Log In/Sign Up
Your email has been sent.
The Elmira Apartments 2846 Federal Blvd 25 Unit Apartment Building $4,000,000 ($160,000/Unit) 6.33% Cap Rate Denver, CO 80211
INVESTMENT HIGHLIGHTS
- Beautifully Renovated, Turn-Key Asset Including New: Electrical, Plumbing, HVAC, Kitchens, Bathrooms, Windows, Interior Hallways, Paint & Landscaping
- Excellent Neighborhood Demographics: $124,672 Average Household Income within a Two Mile Radius
- Walk Score: 92 - Short Distance Public Transportation, Parks, Shopping, Restaurants & Entertainment
- Superb Location in the Highlands Directly Across from Viking Park
- Rental Upside: Proforma Rents Already Being Achieved or Surpassed in 60% of the Units
- One Mile to Downtown Denver
EXECUTIVE SUMMARY
JUST LISTED! Renovated 25-Unit Apt Bldg in Highlands; Just $160k/Unit!
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$340,380
|
$33.53
|
| Other Income |
$45,389
|
$4.47
|
| Vacancy Loss |
$19,288
|
$1.90
|
| Effective Gross Income |
$366,481
|
$36.10
|
| Taxes |
$27,983
|
$2.76
|
| Operating Expenses |
$115,917
|
$11.42
|
| Total Expenses |
$143,900
|
$14.17
|
| Net Operating Income |
$222,581
|
$21.92
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $340,380 |
| Annual Per SF | $33.53 |
| Other Income | |
|---|---|
| Annual | $45,389 |
| Annual Per SF | $4.47 |
| Vacancy Loss | |
|---|---|
| Annual | $19,288 |
| Annual Per SF | $1.90 |
| Effective Gross Income | |
|---|---|
| Annual | $366,481 |
| Annual Per SF | $36.10 |
| Taxes | |
|---|---|
| Annual | $27,983 |
| Annual Per SF | $2.76 |
| Operating Expenses | |
|---|---|
| Annual | $115,917 |
| Annual Per SF | $11.42 |
| Total Expenses | |
|---|---|
| Annual | $143,900 |
| Annual Per SF | $14.17 |
| Net Operating Income | |
|---|---|
| Annual | $222,581 |
| Annual Per SF | $21.92 |
PROPERTY FACTS
| Price | $4,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $160,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 6.33% | Building Size | 10,152 SF |
| No. Units | 25 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1924/2022 |
| Property Subtype | Apartment | ||
| Zoning | G-MU-5 | ||
| Price | $4,000,000 |
| Price Per Unit | $160,000 |
| Sale Type | Investment |
| Cap Rate | 6.33% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 10,152 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1924/2022 |
| Zoning | G-MU-5 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Fireplace
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 25 | $1,165 | 350 |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 2294-20-001 | Total Assessment | $340,860 (2024) |
| Land Assessment | $41,750 (2024) | Annual Taxes | $27,983 ($2.76/SF) |
| Improvements Assessment | $299,110 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
2294-20-001
Land Assessment
$41,750 (2024)
Improvements Assessment
$299,110 (2024)
Total Assessment
$340,860 (2024)
Annual Taxes
$27,983 ($2.76/SF)
Tax Year
2025
1 of 24
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
The Elmira Apartments | 2846 Federal Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.