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3318-3352 High St 18 Unit Apartment Building $3,300,000 ($183,333/Unit) 5.14% Cap Rate Denver, CO 80205
INVESTMENT HIGHLIGHTS
- Prime Urban Location Near Major Employers & Retail
- Updated Finishes Including In-Unit W/D in Each Unit
- Educated, High-Income Resident Base
EXECUTIVE SUMMARY
MMG Real Estate Advisors is pleased to present the opportunity to acquire 3318–3352 High Street, located in Denver’s desirable Cole neighborhood. Just minutes from Downtown
Denver, this well-positioned asset offers walkable access to key retail corridors and employment hubs, with strong demographics 3 and multiple avenues for operational upside.
Denver, this well-positioned asset offers walkable access to key retail corridors and employment hubs, with strong demographics 3 and multiple avenues for operational upside.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,300,000 | Building Class | C |
| Price Per Unit | $183,333 | Lot Size | 0.43 AC |
| Sale Type | Investment | Building Size | 17,280 SF |
| Cap Rate | 5.14% | Average Occupancy | 72% |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 0.8/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2, Denver | ||
| Price | $3,300,000 |
| Price Per Unit | $183,333 |
| Sale Type | Investment |
| Cap Rate | 5.14% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 17,280 SF |
| Average Occupancy | 72% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | R2, Denver |
AMENITIES
UNIT AMENITIES
- Washer/Dryer Hookup
SITE AMENITIES
- Courtyard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 18 | $1,495 | 870 |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 2261-20-043 | Improvements Assessment | $255,190 (2024) |
| Land Assessment | $83,030 (2024) | Total Assessment | $338,220 (2024) |
PROPERTY TAXES
Parcel Number
2261-20-043
Land Assessment
$83,030 (2024)
Improvements Assessment
$255,190 (2024)
Total Assessment
$338,220 (2024)
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3318-3352 High St
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