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2200-2216 S Cherry St 4 Unit Apartment Building $3,134,909 CAD ($783,727 CAD/Unit) 5.76% Cap Rate Denver, CO 80222
Investment Highlights
- Fully renovated 4-unit property with luxury, condo-quality finishes
- Flexible investment: short-term or long-term rental income
- Each unit features 3 beds / 2 baths, ideal for high-demand renters
- Prime Denver location near dining, retail, parks, and transit
Executive Summary
Located in the heart of Denver, 2200 S Cherry is a fully renovated property offering four luxurious 3-bedroom, 2-bathroom units with high-end, condo-quality finishes. Designed with flexibility in mind, the property is ideal for investors seeking either short term rental income or stable, long-term leases in a desirable urban area. 2200 S Cherry is situated in a prime location close to restaurants, retail, and parks, with easy access to public transportation. Its proximity to downtown Denver and popular neighborhoods increases its appeal for both residents and visitors. With Denver’s growing population and demand for high-quality rental units, 2200 S Cherry offers strong appreciation potential and competitive returns, especially with its dual leasing options. This flexibility can help investors adjust to changing market conditions, optimizing occupancy and income. This property is ideal for investors aiming to diversify their portfolio with a premium multifamily asset in a thriving market.
Property Facts
| Price | $3,134,909 CAD | Property Subtype | Apartment |
| Price Per Unit | $783,727 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 5.76% | Building Size | 5,622 SF |
| Gross Rent Multiplier | 14.06 | No. Stories | 1 |
| No. Units | 4 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 0.71/1,000 SF |
| Zoning | E-SU-DX | ||
| Price | $3,134,909 CAD |
| Price Per Unit | $783,727 CAD |
| Sale Type | Investment |
| Cap Rate | 5.76% |
| Gross Rent Multiplier | 14.06 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 5,622 SF |
| No. Stories | 1 |
| Year Built | 1963 |
| Parking Ratio | 0.71/1,000 SF |
| Zoning | E-SU-DX |
Amenities
- Smoke Detector
Unit Amenities
- Kitchen
- Refrigerator
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | $4,469 CAD | 1,438 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 6302-09-025 | Improvements Assessment | $40,691 CAD |
| Land Assessment | $40,691 CAD | Total Assessment | $132,682 CAD |
Property Taxes
Parcel Number
6302-09-025
Land Assessment
$40,691 CAD
Improvements Assessment
$40,691 CAD
Total Assessment
$132,682 CAD
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2200-2216 S Cherry St
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