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1671 Washington 1671 Washington St 23 Unit Apartment Building $3,798,300 CAD ($165,143 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 | $3,798,300 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $165,143 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 | $3,798,300 CAD |
| Price Per Unit | $165,143 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
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2349-21-035 | Improvements Assessment | $57,757 CAD |
| Land Assessment | $57,757 CAD | Total Assessment | $361,400 CAD |
Property Taxes
Parcel Number
2349-21-035
Land Assessment
$57,757 CAD
Improvements Assessment
$57,757 CAD
Total Assessment
$361,400 CAD
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1671 Washington | 1671 Washington St
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