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Rob Roy - Capitol Hill Studio Apartments 702 E 12th Ave 45 Unit Apartment Building $6,640,272 CAD ($147,562 CAD/Unit) 5.40% Cap Rate Denver, CO 80203
INVESTMENT HIGHLIGHTS
- Located in the heart of Capitol Hill
- Untapped income potential
- Newer heating and domestic water boilers
- Beautiful vintage property
- Attractive investment for value-add buyer
- Updated vinyl windows throughout
EXECUTIVE SUMMARY
The Rob Roy is a vintage 45-unit apartment building in Denver’s iconic Capitol Hill neighborhood. The building’s brick exterior delivers timeless curb appeal from its high-visibility corner location. The property has been well-maintained and attracts good tenants looking for an affordable and convenient place to live. Untapped potential remains with rental income that can increase dramatically with capital expenditures to modernize the apartments.
The building contains 44 studio units and a large one-bedroom apartment. Steam heat is provided by a central gas boiler, and solar panels on the roof reduce the property’s electricity costs. The property also has 6 off-street parking spaces that are leased to the residents.
The building contains 44 studio units and a large one-bedroom apartment. Steam heat is provided by a central gas boiler, and solar panels on the roof reduce the property’s electricity costs. The property also has 6 off-street parking spaces that are leased to the residents.
PROPERTY FACTS
| Price | $6,640,272 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $147,562 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 5.40% | Building Size | 18,462 SF |
| No. Units | 45 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 0.32/1,000 SF |
| Zoning | G-MU-5 | ||
| Price | $6,640,272 CAD |
| Price Per Unit | $147,562 CAD |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 18,462 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Parking Ratio | 0.32/1,000 SF |
| Zoning | G-MU-5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Hardwood Floors
- Range
- Tub/Shower
- Walk-In Closets
- Wi-Fi
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 44 | - | 300 - 350 |
| 1+1 | 1 | - | 600 |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 5031-22-001 | Improvements Assessment | $753,573 CAD |
| Land Assessment | $61,965 CAD | Total Assessment | $815,538 CAD |
PROPERTY TAXES
Parcel Number
5031-22-001
Land Assessment
$61,965 CAD
Improvements Assessment
$753,573 CAD
Total Assessment
$815,538 CAD
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Rob Roy - Capitol Hill Studio Apartments | 702 E 12th Ave
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