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Logan Flats 1260 Logan St 12 Unit Apartment Building $2,762,400 CAD ($230,200 CAD/Unit) 5.02% Cap Rate Denver, CO 80203
Investment Highlights
- Roof replaced (2017): Carlisle ½” SecurShield with 0.60 mil EPDM
- All windows replaced (2020): Simonton Maderia bronze exterior, double-pane glass
- Most units updated between 2009-2012
- Boiler replaced (2012): Raypak boiler and hot water tank
- Laundry machines purchased (2016)
- Unit features include ceiling fans, ample closet space & well-appointed baths with bathtubs
Executive Summary
Logan Flats is a well-maintained 12-unit apartment community ideally located in the heart of Capitol Hill, one of Denver’s most vibrant and walkable neighborhoods. Known for its historic character, eclectic dining, coffee shops, nightlife, and proximity to downtown, Capitol Hill continues to attract a strong renter base seeking urban convenience and lifestyle appeal. The property consists of 11 one-bedroom units and 1 studio, totaling approximately 8,547 square feet. Most units were remodeled between 2009–2012, resulting in bright, updated interiors. Large windows provide abundant natural light, while ceiling fans and spacious closets enhance tenant comfort and functionality. The building features an attractive brick and stone exterior, blending classic architectural character with long-term durability. Residents enjoy a shared on-site laundry facility (machines purchased in 2016) a private courtyard, and rear parking, an added convenience in this high-demand urban location. With extensive system upgrades, a strong one-bedroom-heavy unit mix, and a prime Capitol Hill location, Logan Flats presents a fantastic income-producing asset with a clear opportunity to optimize operations and enhance long-term value in one of Denver’s most desirable rental submarkets.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,762,400 CAD | Building Class | C |
| Price Per Unit | $230,200 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 8,547 SF |
| Cap Rate | 5.02% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 0.7/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | G-MU-5 | ||
| Price | $2,762,400 CAD |
| Price Per Unit | $230,200 CAD |
| Sale Type | Investment |
| Cap Rate | 5.02% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 8,547 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.7/1,000 SF |
| Zoning | G-MU-5 |
Amenities
Unit Amenities
- Storage Space
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 400 |
| 1+1 | 11 | - | 650 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5031-14-005 | Total Assessment | $242,887 CAD |
| Land Assessment | $43,148 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $43,148 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5031-14-005
Land Assessment
$43,148 CAD
Improvements Assessment
$43,148 CAD
Total Assessment
$242,887 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Logan Flats | 1260 Logan St
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