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The Novelist 960 Grant St 69 Unit Apartment Building $12,000,000 ($173,913/Unit) Denver, CO 80203
Investment Highlights
- SIGNIFICANTLY BELOW-MARKET, LONG-TERM ASSUMABLE DEBT: 78% LTV INTEREST ONLY FINANCING, FIXED AT 3.59%, WITH APPROXIMATELY FOUR YEARS REMAINING
- IMMEDIATE OPERATIONAL UPSIDE THROUGH STREAMLINED MANAGEMENT AND EXPENSE EFFICIENCIES
- TURNKEY CORE DENVER ASSET: TROPHY PROPERTY IN A PREMIER INFILL LOCATION FUTURE
- PROJECTED YEAR 1 CASH-ON-CASH RETURNS EXCEEDING 9.5%!
- OVER $2,300,000 IN RECENT CAPITAL IMPROVEMENTS
- FUTURE DEVELOPMENT POTENTIAL WITH SDP APPROVED FOR 48 UNITS AT 951 LOGAN
Executive Summary
Turnkey 69-Unit High-Rise in Capitol Hill with Assumable Financing at 3.59%. Rare opportunity to acquire The Novelist, a premier 69-unit multifamily high-rise at 960 Grant Street, paired with a shovel-ready development site located at 951 Logan Street. This offering combines a stabilized, high-cash-flow historic asset with an entitled
growth engine in the heart of Denver’s vibrant Capitol Hill.
growth engine in the heart of Denver’s vibrant Capitol Hill.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $12,000,000 | Building Class | B |
| Price Per Unit | $173,913 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 33,948 SF |
| No. Units | 69 | Average Occupancy | 94% |
| Property Type | Multifamily | No. Stories | 10 |
| Property Subtype | Apartment | Year Built | 1937 |
| Apartment Style | Hi-Rise | Parking Ratio | 1.47/1,000 SF |
| Zoning | C-MX-8 | ||
| Price | $12,000,000 |
| Price Per Unit | $173,913 |
| Sale Type | Investment |
| No. Units | 69 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | B |
| Lot Size | 0.35 AC |
| Building Size | 33,948 SF |
| Average Occupancy | 94% |
| No. Stories | 10 |
| Year Built | 1937 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | C-MX-8 |
Amenities
Unit Amenities
- Cable Ready
- Disposal
- Heating
Site Amenities
- Laundry Facilities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 40 | - | 259 - 410 |
| 1+1 | 28 | - | 523 - 614 |
| 2+1 | 1 | - | 810 |
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (91)
Property Taxes
| Parcel Number | 5038-14-020 | Improvements Assessment | $151,080 |
| Land Assessment | $151,080 | Total Assessment | $1,036,940 |
Property Taxes
Parcel Number
5038-14-020
Land Assessment
$151,080
Improvements Assessment
$151,080
Total Assessment
$1,036,940
(303) 962-9543
x117
Contacts
-
Jim Knowlton -
Chris Knowlton -
Mark Knowlton -
Jennifer King -
Pinnacle Real Estate Advisors
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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The Novelist | 960 Grant St
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