636 S Quitman St
Denver, CO 80219
Multifamily Property For Sale
·
12 Units
Property Facts
| No. Units | 12 | Building Size | 3,700 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1952 |
| Building Class | C | Parking Ratio | 7.83/1,000 SF |
| Lot Size | 0.47 AC | ||
| Zoning | B4, Denver | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 3,700 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1952 |
| Parking Ratio | 7.83/1,000 SF |
| Zoning | B4, Denver |
Amenities
Unit Amenities
- Cable Ready
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Grill
- Double Pane Windows
- Family Room
- Warming Drawer
- Window Coverings
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Storage Space
- Public Transportation
About 636 S QUITMAN ST , DENVER, CO 80219
Highest in-place CAP rate in the Denver Multifamily Market... 9.2%! Huge existing cash flow of $109,529 with an incredible opportunity for future development of this 21,000 SF site on Morrison Road. The Denver City Council has just approved a $12,200,000 revitalization project for the Morrison Road Corridor which aims to bring in new businesses and restaurants - creating a walk-able "downtown" feel. New construction has already been completed nearby with many more projects under construction and in permitting... a $40,000,000 development is nearing completion just 4 blocks away. Enjoy the highest return on the market while the last "up and coming" neighborhood in Denver improves around you and values rise! See attachments for the Morrison Road Revitalization Plan as well as the rezoning proposal from 3 to 5 stories which has already been adopted by the Denver City Council.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,285 | 435 |
| 1+1 | 3 | $902.00 | 325 |
| Studios | 7 | $948.00 | 265 |
Property Taxes
| Parcel Number | 5181-45-005 | Improvements Assessment | $35,680 |
| Land Assessment | $35,680 | Total Assessment | $108,540 |
Property Taxes
