The Austin Apartments | 1291 Gaylord St
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The Austin Apartments 1291 Gaylord St
9 Unit Apartment Building $1,575,000 ($175,000/Unit) 4.56% Cap Rate Denver, CO 80206
Investment Highlights
- 9-Unit Apartment Building in Denver’s Historic Congress Park Neighborhood
- Close proximity to Cheesman Park, Botanic Gardens, and Cherry Creek
- Two Sets of Coin Operated Washer/Dryer Onsite
- Charming Units with Immediate Rental Increase Upside
- Nearby Restaurants Include: Peter’s Chinese, Shells and Sauce, Chef Zorba’s, Downpours Coffee, Voodoo Doughnut, Doppio Coffee, and Olive & Finch
Executive Summary
Presenting a rare investment opportunity in Denver’s sought-after Congress Park neighborhood, this 9-unit apartment building boasts significant rent escalation potential. Nestled close to Cheesman Park, the Botanic Gardens, and Cherry Creek, the property offers charming units with immediate upside. Residents will enjoy proximity to popular dining options such as Peter’s Chinese, Shells and
Sauce, Chef Zorba’s, Downpours Coffee, Voodoo Doughnut, Doppio Coffee, and Olive & Finch. Additionally, the property features two sets of coin-operated washer/dryer onsite, enhancing tenant convenience and operational efficiency. This asset is ideal for investors seeking stable returns and growth potential in one of Denver’s historic and vibrant neighborhoods.
Showing window by appointment only - Wednesday, July 17th from 10am-1pm.
Sauce, Chef Zorba’s, Downpours Coffee, Voodoo Doughnut, Doppio Coffee, and Olive & Finch. Additionally, the property features two sets of coin-operated washer/dryer onsite, enhancing tenant convenience and operational efficiency. This asset is ideal for investors seeking stable returns and growth potential in one of Denver’s historic and vibrant neighborhoods.
Showing window by appointment only - Wednesday, July 17th from 10am-1pm.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $1,575,000 | Apartment Style | Low Rise |
| Price Per Unit | $175,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 4.56% | Building Size | 4,310 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1891 |
| Price | $1,575,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 4.56% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 4,310 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1891 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | $1,115 | 450 |
| 1+1 | 4 | $1,159 | 515 |
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Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 5021-18-031 | Improvements Assessment | $92,060 |
| Land Assessment | $20,330 | Total Assessment | $112,390 |
PROPERTY TAXES
Parcel Number
5021-18-031
Land Assessment
$20,330
Improvements Assessment
$92,060
Total Assessment
$112,390
zoning
| Zoning Code | R-3 |
| R-3 |
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The Austin Apartments | 1291 Gaylord St
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