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1325 Corona St 14 Unit Apartment Building $2,682,459 CAD ($191,604 CAD/Unit) 6.70% Cap Rate Denver, CO 80218
EXECUTIVE SUMMARY
1325 Corona St. is a charming historic building located in the heart of Capitol Hill. The unit mix is composed of 3 - studios, 10 - 1Bd/1Ba, and 1 - 2Bd/1Ba. Roughly half of the units have been recently renovated with updated kitchens, bathrooms, and flooring. Recent improvements include windows (2025), common area (2025), furnaces (2016), water heaters (2022), roof resealed (2021), sewer line repairs (2021), and electrical panels and subpanels (2021).
In addition to the vintage charm and curb appeal, this property is set apart from others with 7 off street parking spaces available. Tenants also enjoy walkability to nearby shopping and dining with a walk score of 96! For the right investor, this is a rare opportunity to buy at an attractive basis in a strong location.
In addition to the vintage charm and curb appeal, this property is set apart from others with 7 off street parking spaces available. Tenants also enjoy walkability to nearby shopping and dining with a walk score of 96! For the right investor, this is a rare opportunity to buy at an attractive basis in a strong location.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$276,365
|
$50.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$276,365
|
$50.34
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $276,365 |
| Annual Per SF | $50.34 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $276,365 |
| Annual Per SF | $50.34 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS Under Contract
| Price | $2,682,459 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $191,604 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.70% | Building Size | 5,490 SF |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1889 |
| Property Subtype | Apartment | Parking Ratio | 1.28/1,000 SF |
| Zoning | G-MU-5 | ||
| Price | $2,682,459 CAD |
| Price Per Unit | $191,604 CAD |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 5,490 SF |
| No. Stories | 2 |
| Year Built | 1889 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | G-MU-5 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 300 |
| 1+1 | 10 | - | 500 |
| 2+1 | 1 | - | 650 |
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 5022-13-010 | Improvements Assessment | $221,344 CAD |
| Land Assessment | $36,968 CAD | Total Assessment | $258,312 CAD |
PROPERTY TAXES
Parcel Number
5022-13-010
Land Assessment
$36,968 CAD
Improvements Assessment
$221,344 CAD
Total Assessment
$258,312 CAD
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1325 Corona St
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