1520-1526 Wabash St
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1520-1526 Wabash St
14 Unit Apartment Building $2,750,000 ($196,429/Unit) Denver, CO 80220
Investment Highlights
- New in-place systems including roofs, HVAC, windows, and boilers.
- Parking lot with 13 dedicated parking spots, along with ample offstreet parking in front of the property.
- Within walking distance to multiple new developments on the east Colfax corridor.
- Convenient location with proximity to public transportation, downtown Denver and the Colfax commercial corridor.
- Diverse unit-mix of studio, one, two and three-bedroom units.
Executive Summary
Capstone is pleased to present 1520-1526 Wabash St, a fully leased, turn-key multifamily property in Denver's fast-growing East Colfax neighborhood, which is an exceptional investment opportunity. This property offers immediate income generation with minimal future capital expenditure, thanks to extensive renovations. Listed at $2,750,000, it is well-suited for both seasoned investors looking to expand their portfolios and new entrants seeking longterm appreciation and stable cash flow.
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 | $2,750,000 | Lot Size | 0.48 AC |
| Price Per Unit | $196,429 | Building Size | 12,000 SF |
| Sale Type | Investment | Average Occupancy | 95% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | $2,750,000 |
| Price Per Unit | $196,429 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 12,000 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1.5/1,000 SF |
| Opportunity Zone |
Yes |
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,250 | 450 |
| 1+1 | 4 | $1,425 | 750 |
| 2+1 | 6 | $1,600 | 900 |
| 3+1 | 3 | $1,750 | 1,050 |
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Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 1334-25-009 | Improvements Assessment | $126,070 |
| Land Assessment | $40,590 | Total Assessment | $166,660 |
PROPERTY TAXES
Parcel Number
1334-25-009
Land Assessment
$40,590
Improvements Assessment
$126,070
Total Assessment
$166,660
zoning
| Zoning Code | E-RH-2.5 |
| E-RH-2.5 |
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1520-1526 Wabash St
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