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1555-1557 Tamarac St 4 Unit Apartment Building $1,186,532 CAD ($296,633 CAD/Unit) 5.53% Cap Rate Denver, CO 80220
INVESTMENT HIGHLIGHTS
- Turnkey property with significant renovations to all 4 units and exterior. $75,000 worth of capital improvements in past 12 months
- Close proximity to community amenities such as Stanley Marketplace, Stapleton Development, and Lowry Park enhance desirability for tenants
- Close proximity to desirable East Denver neighborhoods like Hale, Hilltop, Park Hill and Lowry help drive long term appreciation
- Healthy proforma assumptions with market supported rents and expenses, providing a realistic path to stable cash flow and competitive returns
- Close proximity to major East Denver employment hubs like UCHealth Anschutz, Rose Medical Center, and Denver International Airport (DIA)
EXECUTIVE SUMMARY
The Unique Apartment group is please to present 1555-1557 Tamarac St in East Denver. The property consists of four (4) renovated two (2) bedroom one (1) bathroom units, with two on the upper level and two on the garden level. improvements include updated kitchens (countertops, cabinetry, appliances), flooring, paint, bathroom finishes, rock landscaping, and new concrete sidewalks. An additional two-bay garage is currently leased for storage, providing supplemental income. The property is supported by strong proforma assumptions that reflect realistic figures for market rent and expense figures, offering a clear path to increased cash flows with minimal capital outlay. This asset is well-suited for any investor seeking stabilized cash flows or an owner-occupant seeking to “house hack” by living in one unit and renting the others, potentially covering mortgage payments with a favorable residential (FHA) loan. The property is located near major East Denver community amenities including Stanley Marketplace, Central Park (formerly Stapleton), and Lowry Park; as well as major employment centers such as UCHealth Anschutz Medical Campus, Rose Medical Center, and Denver International Airport (DIA). Additionally, the East Colfax corridor and I-70 provide convenient access to the rest of the Denver metro area, while nearby neighborhoods such as Hale, Hilltop, Park Hill, and Lowry support long term rental demand and value appreciation.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $1,186,532 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $296,633 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.53% | Building Size | 3,480 SF |
| Gross Rent Multiplier | 12.54 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1951 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | E-TH-2.5 | ||
| Price | $1,186,532 CAD |
| Price Per Unit | $296,633 CAD |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| Gross Rent Multiplier | 12.54 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,480 SF |
| No. Stories | 2 |
| Year Built | 1951 |
| Opportunity Zone |
Yes |
| Zoning | E-TH-2.5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $1,947 CAD | 870 |
1 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 1333-30-026 | Improvements Assessment | $51,723 CAD |
| Land Assessment | $18,212 CAD | Total Assessment | $69,935 CAD |
PROPERTY TAXES
Parcel Number
1333-30-026
Land Assessment
$18,212 CAD
Improvements Assessment
$51,723 CAD
Total Assessment
$69,935 CAD
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1555-1557 Tamarac St
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