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1230 Washington St 8 Unit Apartment Building $1,571,490 CAD ($196,436 CAD/Unit) 6.68% Cap Rate Denver, CO 80203
INVESTMENT HIGHLIGHTS
- $125,000 Price Reduction!
- Beautiful Vintage 8-Unit Apartment Building Located in the Heart of Capitol Hill
- Walking Distance to Whole Foods, Denver Botanic Gardens, Cheesman Park in Addition to Numerous Bars, Restaurants and Coffee Shops
- 6.26% Current CAP Rate
- Priced Well Below Comparable Properties
- Six Off-Street Parking Spaces Provide Additional Income
EXECUTIVE SUMMARY
PRICE REDUCED! 8-Unit Bldg in Cap Hill; 6.26% Current CAP Rate
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$148,696
|
$35.00
|
| Other Income |
$15,753
|
$3.71
|
| Vacancy Loss |
$4,934
|
$1.16
|
| Effective Gross Income |
$159,516
|
$37.55
|
| Taxes |
$12,473
|
$2.94
|
| Operating Expenses |
$48,667
|
$11.46
|
| Total Expenses |
$61,139
|
$14.39
|
| Net Operating Income |
$98,377
|
$23.16
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $148,696 |
| Annual Per SF | $35.00 |
| Other Income (CAD) | |
|---|---|
| Annual | $15,753 |
| Annual Per SF | $3.71 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,934 |
| Annual Per SF | $1.16 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $159,516 |
| Annual Per SF | $37.55 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,473 |
| Annual Per SF | $2.94 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $48,667 |
| Annual Per SF | $11.46 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $61,139 |
| Annual Per SF | $14.39 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $98,377 |
| Annual Per SF | $23.16 |
PROPERTY FACTS
| Price | $1,571,490 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $196,436 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.68% | Building Size | 4,248 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Zoning | R3, Denver | ||
| Price | $1,571,490 CAD |
| Price Per Unit | $196,436 CAD |
| Sale Type | Investment |
| Cap Rate | 6.68% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,248 SF |
| No. Stories | 2 |
| Year Built | 1890 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | R3, Denver |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Microwave
- Ceiling Fans
- High Speed Internet Access
- Oven
- Range
- Wi-Fi
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Recycling
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,516 CAD | 550 |
| 1+1 | 7 | $1,590 CAD | 593 |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (70)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 5031-11-007 | Total Assessment | $158,674 CAD |
| Land Assessment | $37,752 CAD | Annual Taxes | $12,473 CAD ($2.94 CAD/SF) |
| Improvements Assessment | $120,922 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5031-11-007
Land Assessment
$37,752 CAD
Improvements Assessment
$120,922 CAD
Total Assessment
$158,674 CAD
Annual Taxes
$12,473 CAD ($2.94 CAD/SF)
Tax Year
2024
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1230 Washington St
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