578 Galapago St
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578 Galapago St
5 Unit Apartment Building $899,000 ($179,800/Unit) Denver, CO 80204
Investment Highlights
- Highly desirable neighborhood of Baker in Denver
- After repair value is $2,200,000 - $2,600,000
- Several Options: Multifamily rehab, condo conversion, or short term vacation rentals with lodging license
- Construction & Development experience needed
- One unit is completed, four units are a shell, ready for construction
- Panoramic views of mountains and downtown Denver and walking distance to Santa Fe Art District and Denver Health!
Executive Summary
INVESTOR SPECIAL! 5 Unit, Multifamily Rehab Project / Condo Conversion Opportunity in Baker; a highly desirable urban neighborhood of Denver. A mix of 3 bedroom and 2 Bedroom units. After Repair Value is $2.2M - $2.6M. Huge spread for experienced investors/developers. 4 Units are currently a shell, ready for permitting and construction. 4 separate living spaces above ground and an unfinished basement for potential to add a 5th unit. ALL 5 units are separately metered. Alternative Option: 2nd floor would make a wonderful penthouse. All units have access to a spectacular rooftop deck for a great common area. Views of mountains, permanently protected. Ceilings 11.5 feet high. Basement 7.5 feet high. There is a common wall agreement for the attached townhome next door that is separately owned. Victorian era type architecture, common in the Baker neighborhood. Buyer responsible for verifying all city requirements. Not in the historic district. Many were previously approved by the city, but approvals have expired. Construction & Development experience needed. Hurry, this won't last long!
Property Facts
| Price | $899,000 | Apartment Style | Low Rise |
| Price Per Unit | $179,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| No. Units | 5 | Building Size | 5,700 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1908 |
| Price | $899,000 |
| Price Per Unit | $179,800 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 5,700 SF |
| No. Stories | 2 |
| Year Built | 1908 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 3 | - | - |
| 2+2 | 1 | - | - |
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Walk Score ®
Walker's Paradise (91)
Bike Score ®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 0102-26-001 | Improvements Assessment | $0 |
| Land Assessment | $1,165,190 | Total Assessment | $1,165,190 |
PROPERTY TAXES
Parcel Number
0102-26-001
Land Assessment
$1,165,190
Improvements Assessment
$0
Total Assessment
$1,165,190
zoning
| Zoning Code | U-RH-2.5 (Urban rowhome, 2.5 stories) |
| U-RH-2.5 (Urban rowhome, 2.5 stories) |
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578 Galapago St
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