1234 York St
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1234 York St
7 Unit Apartment Building $1,400,000 ($200,000/Unit) 5.12% Cap Rate Denver, CO 80206
Investment Highlights
- Turn-key multifamily investment opportunity with an easy path to a 6%+ CAP Rate at market rents
- 7 updated units with common laundry, zoned G-MU-3 for flexible usage and 89 Walk Score
- Newer roof, windows, sewer, furnace, H/W heater, front walkway & sidewalk, and 6 parking spaces
- Updated and charming 3,212 SF building with Victorian construction dating back to 1888
- Prime location in Central Denver between to Cheesman Park, Congress Park and Denver Botanical Gardens
Executive Summary
Easy turn-key deal, ideal for 1031 buyers or passive investors looking for a minimal-effort asset that has easy upside. 1234 York Street is an extremely well-maintained, controlled access, updated and turn-key Victorian Multifamily investment property nestled in the Cheesman Park Neighborhood of Central Denver. Built in 1888, the 3,212 SF building comprises 7 units, providing an attractive opportunity for investors seeking to expand their portfolio. Recent updates include Roof (2019), full sewer replacement (2019), hot water heater and furnace (2016), concrete sidewalk, and front walkway (2021). With 6 onsite parking spaces, a private fenced patio, its historic appeal, and well-maintained features, this property presents an inviting option for those looking to capitalize on the enduring demand for quality housing in the vibrant Central Denver market.
Financial Summary (Actual - 2023) 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 - 2023) 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 | $1,400,000 | Building Class | B |
| Price Per Unit | $200,000 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,312 SF |
| Cap Rate | 5.12% | No. Stories | 4 |
| No. Units | 7 | Year Built/Renovated | 1888/2019 |
| Property Type | Multifamily | Parking Ratio | 1.81/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,400,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 3,312 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1888/2019 |
| Parking Ratio | 1.81/1,000 SF |
Unit Amenities
- Fireplace
- Heating
- Kitchen
- Hardwood Floors
- Carpet
- Yard
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 346 |
| 2+1 | 1 | - | 700 |
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Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 5012-29-028 | Improvements Assessment | $68,940 |
| Land Assessment | $26,200 | Total Assessment | $95,140 |
PROPERTY TAXES
Parcel Number
5012-29-028
Land Assessment
$26,200
Improvements Assessment
$68,940
Total Assessment
$95,140
zoning
| Zoning Code | G-MU-3 |
| G-MU-3 |
Contacts
-
Robert Lawson -
Luke Salazar -
Adam Rakoczy -
Jennifer King -
Pinnacle Real Estate Advisors
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1234 York St
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