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1600 Yates St 5 Unit Apartment Building $2,278,519 CAD ($455,704 CAD/Unit) 6.28% Cap Rate Denver, CO 80204
Executive Summary
Excellent income producing 5 unit property, located in the Hottest spot in Denver. Sloan's Lake and surrounding neighborhoods have it all. Great bars, restaurants, breweries, paddle boarding, views, and festivals. One block south from the Lake and park. Blocks away from 17th St, Sheridan Blvd, Colfax Ave Bus Routes, and 12th/Sheridan Light Rail Station. Quick Highway access to Downtown or the Mountains. Quality updated midsized apartments with granite counters, rich stain grade cabinets, and low maintenance luxury vinyl tile flooring. Currently offered at a 6.28% CAP Rate. Great Value Add Investment with room for contemporary finishes and updated rents. Avoid Commercial Balloon Financing and Contact Eduard Sagily with Opulence Lending Group -720-440-4029-sagilyane@oplendinggroup.com, for excellent 30 year fixed rate DSCR options. 20% Down, no required W2's, Competitive Rates, No Personal Income Verification, LLC Ownership Allowed for qualified Buyers. Title to be transferred in Special Warranty Deed. All information deemed reliable but not guaranteed. Buyer and Buyer's Agent to verify SQFT, schools, zoning, and all other info relevant to Buyer.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$184,458
|
$33.65
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$184,458
|
$33.65
|
| Taxes |
$12,919
|
$2.36
|
| Operating Expenses |
$28,430
|
$5.19
|
| Total Expenses |
$41,349
|
$7.54
|
| Net Operating Income |
$143,109
|
$26.11
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $184,458 |
| Annual Per SF | $33.65 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $184,458 |
| Annual Per SF | $33.65 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,919 |
| Annual Per SF | $2.36 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $28,430 |
| Annual Per SF | $5.19 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $41,349 |
| Annual Per SF | $7.54 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $143,109 |
| Annual Per SF | $26.11 |
Property Facts
| Price | $2,278,519 CAD | Apartment Style | Garden |
| Price Per Unit | $455,704 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 6.28% | Building Size | 5,482 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 80% |
| Gross Rent Multiplier | 12.35 | No. Stories | 1 |
| No. Units | 5 | Year Built/Renovated | 1979/2022 |
| Property Type | Multifamily | Parking Ratio | 0.73/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | U-RH-3A - Building Zoning-Codes allow 3 floors | ||
| Price | $2,278,519 CAD |
| Price Per Unit | $455,704 CAD |
| Sale Type | Investment |
| Cap Rate | 6.28% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.35 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 5,482 SF |
| Average Occupancy | 80% |
| No. Stories | 1 |
| Year Built/Renovated | 1979/2022 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | U-RH-3A - Building Zoning-Codes allow 3 floors |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Washer/Dryer
- Ceiling Fans
- Eat-in Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Breakfast Nook
- Lawn
- Smoke Free
Site Amenities
- Courtyard
- Laundry Facilities
- Gas Range
- Pet Play Area
- Bicycle Storage
- Lake Access
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,040 CAD | 576 |
| 2+1 | 1 | $3,741 CAD | 1,040 |
| 2+1 | 1 | $3,299 CAD | 1,040 |
| 3+1.5 | 1 | $2,721 CAD | 1,352 |
| 3+1.5 | 1 | $2,721 CAD | 1,352 |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Biker's Paradise (93)
Property Taxes
| Parcel Number | 2313-05-004 | Total Assessment | $158,639 CAD |
| Land Assessment | $102,037 CAD | Annual Taxes | $12,919 CAD ($2.36 CAD/SF) |
| Improvements Assessment | $102,037 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
2313-05-004
Land Assessment
$102,037 CAD
Improvements Assessment
$102,037 CAD
Total Assessment
$158,639 CAD
Annual Taxes
$12,919 CAD ($2.36 CAD/SF)
Tax Year
2025
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1600 Yates St
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