Log In/Sign Up
Your email has been sent.
1671 Washington 1671 Washington St 23 Unit Apartment Building $3,770,690 CAD ($163,943 CAD/Unit) 6.14% Cap Rate Denver, CO 80203
Investment Highlights
- Classic 1905 Construction with Historic Character that Differentiates from New-Construction Apartments
- Efficient Unit Mix Suitable for Workforce and Urban Renters
- On-Site Laundry Facility and Shared Tenant Patios
- Undercapitalized Basement with Value-Add Potential
Executive Summary
The 23-unit (22 studios and one 1-bedroom) renovated apartment building in Uptown presents a compelling investment opportunity for individuals seeking to capitalize on the thriving real estate market in the area. Its prime location, extensive renovations, and market demand for high-quality rentals position the property for long-term success. With a strong financial outlook and the potential for attractive returns, this property is well-suited for investors looking to enter or expand their portfolio in the Denver market. 1671 Washington is located on the 17th Avenue corridor of Uptown and is known for its vibrant atmosphere, with an abundance of restaurants, cafes, and shops within walking distance. The neighborhood also benefits from its proximity to downtown Denver, major employers, and cultural attractions, making it an ideal location for professionals and individuals seeking a convenient and engaging lifestyle.
Property Facts
| Price | $3,770,690 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $163,943 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 6.14% | Building Size | 6,731 SF |
| No. Units | 23 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1905 |
| Zoning | C-MS-5 | ||
| Price | $3,770,690 CAD |
| Price Per Unit | $163,943 CAD |
| Sale Type | Investment |
| Cap Rate | 6.14% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 6,731 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1905 |
| Zoning | C-MS-5 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 22 | - | 269 |
| 1+1 | 1 | - | 449 |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (75)
Bike Score®
Biker's Paradise (96)
Property Taxes
| Parcel Number | 2349-21-035 | Improvements Assessment | $277,022 CAD |
| Land Assessment | $52,997 CAD | Total Assessment | $330,019 CAD |
Property Taxes
Parcel Number
2349-21-035
Land Assessment
$52,997 CAD
Improvements Assessment
$277,022 CAD
Total Assessment
$330,019 CAD
1 of 47
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1671 Washington | 1671 Washington St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.