3712-3716 E 10th Ave
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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 | Building Class | C |
Price Per Unit | $371,429 | Lot Size | 0.27 AC |
Sale Type | Investment | Building Size | 10,119 SF |
Cap Rate | 6% | Average Occupancy | 100% |
No. Units | 7 | No. Stories | 1 |
Property Type | Multifamily | Year Built | 1925 |
Property Subtype | Apartment | Parking Ratio | 0.59/1,000 SF |
Apartment Style | Low Rise |
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 | - | - |
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Walk Score ®
Very Walkable (72)
Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
Parcel Number | 5014-16-001 | Total Assessment | $128,940 |
Land Assessment | $85,710 | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $43,230 | Tax Year | 2023 |
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)) |
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3712-3716 E 10th Ave
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