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Kelsey Hill Apartments 900 E 12th Ave 26 Unit Apartment Building $4,200,000 ($161,538/Unit) 5.72% Cap Rate Denver, CO 80218
Investment Highlights
- Apartment and Common Area Renovations completed in 2022
- Fully Renovated Common Areas
- Newer Roofs, Boilers, Windows
- Low-Maintenance Property with 60- Amp Updated Electrical Service
Executive Summary
Kelsey Hill comprises two meticulously renovated, twin apartment buildings located at 900 & 910 E. 12th Ave in Denver’s Capitol Hill. Each building contains 13 units for a total of 26 apartments, offering a turnkey, passive multifamily investment in a highly desirable, centrally located market. Fully updated units and common areas, together with recent major system upgrades, minimize near term capital requirements and position the asset for low maintenance ownership.
All 26 residences have been thoughtfully restored to preserve historic character like refinished original hardwood floors, while incorporating contemporary finishes. New kitchens feature quartz countertops, new fixtures, and stainless steel appliances. The fully renovated bathrooms combine modern detailing with vintage touches to meet tenant expectations and command high rents while minimizing vacancy.
Kelsey Hill presents an attractive, hassle free investment opportunity that delivers stable cash flow, operational efficiency, and long term value appreciation in the heart of Capitol Hill.
All 26 residences have been thoughtfully restored to preserve historic character like refinished original hardwood floors, while incorporating contemporary finishes. New kitchens feature quartz countertops, new fixtures, and stainless steel appliances. The fully renovated bathrooms combine modern detailing with vintage touches to meet tenant expectations and command high rents while minimizing vacancy.
Kelsey Hill presents an attractive, hassle free investment opportunity that delivers stable cash flow, operational efficiency, and long term value appreciation in the heart of Capitol Hill.
Property Facts
| Price | $4,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $161,538 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 5.72% | Building Size | 16,036 SF |
| No. Units | 26 | Average Occupancy | 69% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1923 |
| Zoning | G-MU-3 | ||
| Price | $4,200,000 |
| Price Per Unit | $161,538 |
| Sale Type | Investment |
| Cap Rate | 5.72% |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 16,036 SF |
| Average Occupancy | 69% |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | G-MU-3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Hardwood Floors
- Refrigerator
- Oven
- Range
Site Amenities
- Courtyard
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 275 - 340 |
| 1+1 | 24 | - | 400 - 475 |
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Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (98)
Property Taxes
| Parcel Number | 5022-30-020 | Improvements Assessment | $56,210 |
| Land Assessment | $56,210 | Total Assessment | $388,050 |
Property Taxes
Parcel Number
5022-30-020
Land Assessment
$56,210
Improvements Assessment
$56,210
Total Assessment
$388,050
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Kelsey Hill Apartments | 900 E 12th Ave
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