Dahlia Apartments 801 Dahlia St 11 Unit Apartment Building $2,255,000 ($205,000/Unit) 5.72% Cap Rate Denver, CO 80220
INVESTMENT HIGHLIGHTS
- New double pain glass windows; New washer and dryer
- Hardwood floors throughout all units
- Four blocks from 9+CO Redevelopment; Centrally located close to Rose Medical Center and Cherry Creek
- New key code entry system to both front and back doors
- 10 Storage units
- Close to a cluster of new development including restaurants, grocery stores and retail store
EXECUTIVE SUMMARY
Blocks from the 9+ CO redevelopment next to Rose Medical Center. Can be purchased separately or with 830 Dexter Street and 4720 E 8th Avenue.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $2,255,000 |
| Price Per Unit | $205,000 |
| Sale Type | Investment |
| Cap Rate | 5.72% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,863 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.31/1,000 SF |
SITE AMENITIES
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | - | 550 |
1 of 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 6063-07-012 | Improvements Assessment | $102,500 (2023) |
| Land Assessment | $34,520 (2023) | Total Assessment | $137,020 (2023) |
ZONING
| Zoning Code | R3 |
CONTACTS
-
Jim Knowlton -
Chris Knowlton -
Mark Knowlton -
Quentin Shore -
Jennifer King -
Pinnacle Real Estate Advisors
