54 Pennsylvania St | Denver, CO 80209
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54 Pennsylvania St
Denver, CO 80209
Multifamily Property For Sale · 8 Units
INVESTMENT HIGHLIGHTS
- Value-Add Apartment Building with Carriage House
- Walking Distance to Local Retail and Restaurants on South Pennsylvania Street and South Broadway
- Located in the Speer Neighborhood Just North of Washington Park
- Future Development opportunity with G-MU-3 Zoning
EXECUTIVE SUMMARY
This vintage Victorian style mansion with a two story carriage house in the highly coveted West Washington Park Neighborhood is being offered for sale for the first time in 30 years. The property consists of 5 unique 1BR/1BA units, 2 boarding rooms, and a spacious 1BR/1.5BA unit on the first floor of the main house. 54 South Pennsylvania Street offers an investor a wide range of opportunities to create their own masterpiece. Zoned G-MU-3 on a 6,250 SF Lot, this gives an investor an opportunity to redevelop the site or renovate a piece of history. Located just steps away from local restaurants and night life like Carmines on Penn, Rise and Shine, Uncle, and The Spot situated on South Pennsylvania Street. The carriage house had a new roof put on in 2018 while the main house had a complete remodel of the interior hallways in 2019.
PROPERTY FACTS
| Price Per Unit | $171,875 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.59% | Lot Size | 0.14 AC |
| No. Units | 8 | Building Size | 4,195 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1890 |
| Price Per Unit | $171,875 |
| Sale Type | Investment |
| Cap Rate | 6.59% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,195 SF |
| No. Stories | 2 |
| Year Built | 1890 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 475 - 500 |
| 1+1.5 | 1 | - | 825 |
| 2+1 | 1 | - | 950 |
PROPERTY TAXES
| Parcel Number | 5104-14-010 | Improvements Assessment | $13,470 |
| Land Assessment | $61,680 | Total Assessment | $75,150 |
PROPERTY TAXES
Parcel Number
5104-14-010
Land Assessment
$61,680
Improvements Assessment
$13,470
Total Assessment
$75,150
ZONING
| Zoning Code | G-MU-3 |
| G-MU-3 |
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