1149 Syracuse St 4 Unité Immeuble d’appartements 1 098 472 $ CAD (274 618 $ CAD/Unité) 5,79% Taux de capitalisation Denver, CO 80220

Located at 1149 Syracuse Street in the highly sought-after Montclair neighborhood of Denver, this property enjoys a prime position in one of the city’s most established and character-rich submarkets. Montclair is renowned for its treelined streets, a unique blend of classic architecture and modern infill development, providing residents with a quaint, neighborhood-focused atmosphere. Its proximity to key destinations like Lowry Town Center and Central Park further enhances the property’s appeal, offering easy access to shopping, dining, and recreational amenities.
The property is conveniently connected to major routes including East Colfax Avenue and Yosemite Boulevard, making commuting simple and providing easy access to employment hubs and public transportation. With rental demand driven by the area's quiet residential appeal and access to well-established
infrastructure, the property stands out in a supply-constrained market where housing turnover is limited. The strong rental demand is supported by the continued reinvestment in the area, contributing to consistent value appreciation in this stable submarket.
The property at 1149 Syracuse Street consists of four rental units with a gross monthly income of $5,450 and projected gross income of $6,000. The units range are 2-bedroom, 1-bath layouts with square footage of 800 sq. ft. each. Current leases extend through 2026, with a mix of fixed-term and month-to-month arrangements. Operating expenses are well-managed, and the property generates a Net Operating Income (NOI) of approximately $50,086 for 2025, reflecting a steady and reliable investment with strong returns.