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1224-1232 E 13th Ave 18 Unit Apartment Building $6,709,441 CAD ($372,747 CAD/Unit) 4.94% Cap Rate Denver, CO 80218

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INVESTMENT HIGHLIGHTS

18 Newly Renovated 1BR/1BA Units
18 Reserved Parking Spaces on the Property
New Stainless Steel Appliances, Exposed Brick, Coinless On-Site Laundry, Secured Access

Assumable Financing at 3.23%
Located Block from Cheesman Park, Iconic Music Venues, and Numerous Bars/Restaurants

EXECUTIVE SUMMARY

Turnkey 18-Unit in the Heart of Cheesman Park with Assumable Financing at 3.23%

1224_E_13th_Avenue_OM_Knowlton_Lawson

FINANCIAL SUMMARY (PRO FORMA - 2025)	ANNUAL (CAD)	ANNUAL PER SF (CAD)
Gross Rental Income	$445,728	$43.67
Other Income	$77,618	$7.60
Vacancy Loss	$13,372	$1.31
Effective Gross Income	$509,974	$49.96
Taxes	$33,551	$3.29
Operating Expenses	$104,771	$10.26
Total Expenses	$138,322	$13.55
Net Operating Income	$371,652	$36.41

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income (CAD)
Annual	$445,728
Annual Per SF	$43.67

Other Income (CAD)
Annual	$77,618
Annual Per SF	$7.60

Vacancy Loss (CAD)
Annual	$13,372
Annual Per SF	$1.31

Effective Gross Income (CAD)
Annual	$509,974
Annual Per SF	$49.96

Taxes (CAD)
Annual	$33,551
Annual Per SF	$3.29

Operating Expenses (CAD)
Annual	$104,771
Annual Per SF	$10.26

Total Expenses (CAD)
Annual	$138,322
Annual Per SF	$13.55

Net Operating Income (CAD)
Annual	$371,652
Annual Per SF	$36.41

PROPERTY FACTS

Price	$6,709,441 CAD	Building Class	C
Price Per Unit	$372,747 CAD	Lot Size	0.27 AC
Sale Type	Investment	Building Size	10,207 SF
Cap Rate	4.94%	Average Occupancy	83%
No. Units	18	No. Stories	2
Property Type	Multifamily	Year Built	1906
Property Subtype	Apartment	Parking Ratio	1.76/1,000 SF
Apartment Style	Low-Rise
Zoning	R3, Denver

Price	$6,709,441 CAD
Price Per Unit	$372,747 CAD
Sale Type	Investment
Cap Rate	4.94%
No. Units	18
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.27 AC
Building Size	10,207 SF
Average Occupancy	83%
No. Stories	2
Year Built	1906
Parking Ratio	1.76/1,000 SF
Zoning	R3, Denver

UNIT AMENITIES

Heating
Kitchen

Refrigerator

Oven

Tub/Shower

SITE AMENITIES

24 Hour Access
Laundry Facilities

Security System
Tenant Controlled HVAC

Pet Play Area
Walk-Up

Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
1+1	18	-	415 - 630

1 1

Walk Score®

Walker's Paradise (92)

Bike Score®

Biker's Paradise (97)

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.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	5022-22-152	Total Assessment	$390,511 CAD (2024)
Land Assessment	$70,968 CAD (2024)	Annual Taxes	$33,551 CAD ($3.29 CAD/SF)
Improvements Assessment	$319,544 CAD (2024)	Tax Year	2025