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2846 Federal Blvd
Denver, CO 80211
The Elmira Apartments · Multifamily Property For Sale
·
25 Units
Investment Highlights
- 6.96% Actual CAP Rate (Trailing 12 Months)
- Superb Location in the Highlands Directly Across from Viking Park
- Rental Upside: Proforma Rents Already Being Achieved or Surpassed in 60% of the Units
- Beautifully Renovated, Turn-Key Asset Including New: Electrical, Plumbing, HVAC, Kitchens, Bathrooms, Windows, Interior Hallways & Exterior Paint
- Excellent Neighborhood Demographics: $124,672 Average Household Income within a Two Mile Radius
- Walk Score: 92 - Short Distance Public Transportation, Parks, Shopping, Restaurants & Entertainment
Executive Summary
Major Price Change: 25 Units in the Highlands; 6.96% Actual T12 CAP Rate!
Property Facts
| Price Per Unit | $139,800 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.96% | Lot Size | 0.20 AC |
| No. Units | 25 | Building Size | 10,152 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1924/2022 |
| Zoning | G-MU-5 | ||
| Price Per Unit | $139,800 |
| Sale Type | Investment |
| Cap Rate | 6.96% |
| 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 | $1,069 | 350 |
Property Taxes
| Parcel Number | 2294-20-001 | Improvements Assessment | $47,810 |
| Land Assessment | $47,810 | Total Assessment | $379,460 |
Property Taxes
Parcel Number
2294-20-001
Land Assessment
$47,810
Improvements Assessment
$47,810
Total Assessment
$379,460
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