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The Points at California 29 651 29th St 14 Unit Apartment Building $4,392,207 CAD ($313,729 CAD/Unit) 4.02% Cap Rate Denver, CO 80205
Investment Highlights
- Assumable 2.99% Freddie Mac Loan!
- Select units feature stainless steel appliances, wood-style flooring, modern lighting, and French-door refrigerators.
- Prime location with convenient access to local cafés, music venues, RiNo Arts District, Curtis Park, and multiple public transit options.
- Offers spacious one- and two-bedroom floorplans combining vintage 1959 architecture with modern updates.
- Community amenities include on-site laundry and uncovered parking (subject to availability).
- Residents enjoy scenic views of both the mountains and the city.
Executive Summary
MODUS Commercial Real Estate is pleased to present The Points at California 29, a 14-unit multifamily investment opportunity in Denver's historic Five Points neighborhood with a mid-century-modern design motif. The property has undergone a comprehensive capital improvement program, including a full HVAC replacement across all 14 units, a renovated laundry room, repaved and restriped parking, and rebuilt exterior walkways, stairwells, and railings, substantially reducing near-term capital exposure for a new owner. A defining feature of this offering is an assumable Freddie Mac loan with a $1,750,000 balance fixed at 2.99% through August 2027, providing a qualified buyer with below market financing that is difficult to replicate in today's rate environment. Professionally managed by Cornerstone and stabilized. Positioned within walking distance of RiNo, Larimer Street, Coors Field, and Downtown Denver, the asset pairs strong, transit-served urban demand with a clear value-add
path: nearly half of the units have already been fully remodeled, with additional rent upside available as remaining leases turn.
path: nearly half of the units have already been fully remodeled, with additional rent upside available as remaining leases turn.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,392,207 CAD | Building Class | C |
| Price Per Unit | $313,729 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 11,565 SF |
| Cap Rate | 4.02% | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1959/2026 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | G-RH-3 - G-RH-3 zoning allows attached row house residences up to three stories in general urban areas. | ||
| Price | $4,392,207 CAD |
| Price Per Unit | $313,729 CAD |
| Sale Type | Investment |
| Cap Rate | 4.02% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 11,565 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1959/2026 |
| Parking Ratio | 1/1,000 SF |
| Zoning | G-RH-3 - G-RH-3 zoning allows attached row house residences up to three stories in general urban areas. |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Ceiling Fans
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,922 CAD | 550 |
| 2+1 | 6 | $2,278 CAD | 750 |
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 2276-14-011 | Total Assessment | $335,217 CAD |
| Land Assessment | $70,263 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $70,263 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
2276-14-011
Land Assessment
$70,263 CAD
Improvements Assessment
$70,263 CAD
Total Assessment
$335,217 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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The Points at California 29 | 651 29th St
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