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Aldelon Apartments 1401 Fairfax St

8 Unit Apartment Building $3,000,000 ($375,000/Unit) 5.07% Cap Rate Denver, CO 80220

Executive Summary

The Adelon 1401 N Fairfax Street in Denver is located in the Hale neighborhood, just a block off of East Colfax. Enjoy easy access to a plethora of upscale amenities and dining, or explore the nearby Denver Botanic Gardens or the abundant nearby parks (Cheesman Park, City Park, and Congress Park) for a serene escape from the urban bustle. Recognized as a hub for business and culture, this area offers proximity to diverse dining options, local boutiques, and convenient public transportation lines. With its close proximity to the heart of Denver, this location provides a perfect balance between work and leisure for the residents at Aldelon.

Property Facts

Price $3,000,000
Price Per Unit $375,000
Sale Type Investment
Cap Rate 5.07%
Gross Rent Multiplier 16.14
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.28 AC
Building Size 9,361 SF
No. Stories 4
Year Built/Renovated 1938/2019
Parking Ratio 0.96/1,000 SF
Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6061-06-013
Land Assessment
$79,640
Improvements Assessment
$87,560
Total Assessment
$167,200

zoning

Zoning Code U-TU-C
U-TU-C
  • Listing ID: 32235445

  • Date on Market: 6/24/2024

  • Last Updated:

  • Address: 1401 Fairfax St, Denver, CO 80220

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