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3608 Navajo St Apartment Building $1,099,000 5.87% Cap Rate Denver, CO 80211
Investment Highlights
- Corner lot location in Denver’s highly desirable LoHi neighborhood.
Executive Summary
Prime LOHI location on a corner lot at 36th Ave and Navajo, zoned U-MX-3. The current side-by-side duplex is 2,442 sq. ft.
with 10-foot ceilings, and the single-family home is 855 sq. ft. The U-MX-3 zoning allows for commercial or residential use.
The duplex has been used as a restaurant and residential in the past. Roof is a flat torch down roof, not shingles. The rear
portion of the lot with a two-car garage is excluded. This is a great fixer-upper opportunity sold in “as-is” condition. The
property can be remodeled or used for new construction. The Seller is including approved residential remodel construction
permits and a survey. Potential uses include a side-by-side triplex rental, office space, retail, or restaurant. There is also
potential to scrape and build condos or apartments with main floor commercial space. The lot with the 2 Car garage is approved for a new duplex and can be purchased with the three units together for a total of $1,400,000
with 10-foot ceilings, and the single-family home is 855 sq. ft. The U-MX-3 zoning allows for commercial or residential use.
The duplex has been used as a restaurant and residential in the past. Roof is a flat torch down roof, not shingles. The rear
portion of the lot with a two-car garage is excluded. This is a great fixer-upper opportunity sold in “as-is” condition. The
property can be remodeled or used for new construction. The Seller is including approved residential remodel construction
permits and a survey. Potential uses include a side-by-side triplex rental, office space, retail, or restaurant. There is also
potential to scrape and build condos or apartments with main floor commercial space. The lot with the 2 Car garage is approved for a new duplex and can be purchased with the three units together for a total of $1,400,000
Property Facts
| Price | $1,099,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.87% | Building Size | 3,274 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1914 |
| Zoning | U-MX-3 - he U-MX-3 zoning allows for commercial or residential use. The duplex has been used as a restaurant and residential in the past. | ||
| Price | $1,099,000 |
| Sale Type | Investment |
| Cap Rate | 5.87% |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,274 SF |
| No. Stories | 1 |
| Year Built | 1914 |
| Zoning | U-MX-3 - he U-MX-3 zoning allows for commercial or residential use. The duplex has been used as a restaurant and residential in the past. |
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Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100
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3608 Navajo St