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551 S Fairfax St
Denver, CO 80246
Multifamily Property For Sale
·
13 Units
Investment Highlights
- Attractive Seller financing at 77% LTV and 4% interest
- Extensive recent updates including roof, boiler, electrical, windows, parking lot, exterior paint, landscaping, and more
- Desirable location easily accessible to shopping/ dining in Cherry Creek; directly adjacent to renovated Glendale park with pickleball courts
- Proven value add strategy; proforma rents already being achieved!
- Subject property falls into Arapahoe County, City of Glendale, & highly desirable Cherry Creek School District
- Premium rooftop unit with private patio
Property Facts
| No. Units | 13 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 10,620 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1.39/1,000 SF |
| Zoning | R-3, Denver | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 10,620 SF |
| No. Stories | 3 |
| Year Built | 1961 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | R-3, Denver |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 6 | - | - |
| 2+1 | 5 | - | - |
Property Taxes
| Parcel Number | 1973-18-1-03-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $142,500 |
Property Taxes
Parcel Number
1973-18-1-03-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$142,500
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