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3712-3716 E 10th Ave

7 Unit Apartment Building $2,600,000 ($371,429/Unit) 6% Cap Rate Denver, CO 80206

Executive Summary

A once in a lifetime opportunity to own an entire corner in Congress Park, one of Denver's most coveted neighborhoods. This historic multi-unit complex sits on on over a quarter acre of land and is beautifully situated around a Mediterranean garden fountain. Trellised clematis flowers and vines lead through archways and under established trees to reveal a hidden patio and gorgeous Mission style architecture accented by Spanish tile roofs. Residents love the intricately framed wood windows, original oak floors with staggered brick fireplaces, handmade hearths and mosaic tile accents. With soaring 9 foot ceilings upstairs and nearly 7 feet in the basements, this charming property is functional and timeless. Other highlights are covered front porches, skylights in bathrooms, shared patio with string lights, umbrellas, community grill and fresh concrete. Convenient alley access for the 1 car garage and storage unit. Newer fencing, some new water heaters and general electric 100 amp updated panels for every unit. Washer/Dryer are included in every unit. This listing is for the entire property: 7 units, with 9 Beds and 8 Baths. Each of the 6 above ground units has their own basement accessible via interior or exterior entrance. 3 unfinished basements offer so much upside potential as does different rental arrangements like 30+ day furnished housing. This turn-key property has a track record of long term residencies, is currently cash-flowing and ready for it's next chapter. Walk to all the shops, boutiques and flavor that Congress Park is known for. 1 block from the renowned Teller Elementary School and a short walk to East High School. Twist and Shout records, SIE Film Center, Tattered Cover bookstore are all within reach and so is Cherry Creek located just blocks away. This is truly a property that you'll want to hold onto forever. Please reach out to listing agent Bobby Reginelli with any questions. This property is fully tenant occupied. PLEASE DO NOT DISTURB TENANTS.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
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 -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts Under Contract

Price $2,600,000
Price Per Unit $371,429
Sale Type Investment
Cap Rate 6%
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.27 AC
Building Size 10,119 SF
Average Occupancy 100%
No. Stories 1
Year Built 1925
Parking Ratio 0.59/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 7 - -
Walk Score ®
Very Walkable (72)
Bike Score ®
Very Bikeable (82)
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
5014-16-001
Land Assessment
$85,710
Improvements Assessment
$43,230
Total Assessment
$128,940
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023

zoning

Zoning Code U-SU-B (U-SU-B (grandfathered as multiplex))
U-SU-B (U-SU-B (grandfathered as multiplex))
  • Listing ID: 32721401

  • Date on Market: 8/7/2024

  • Last Updated:

  • Address: 3712-3716 E 10th Ave, Denver, CO 80206

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