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1721-1725 N High St 1725 N High St 4 Unité Immeuble d’appartements 2 409 365 $ CAD (602 341 $ CAD/Unité) 6,84% Taux de capitalisation Denver, CO 80218
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FAITS SAILLANTS DE L'INVESTISSEMENT
- 100% Occupied Offering
- Desirable Urban Submarket (City Park West)
- $500,000 in Recent Capital Improvements
- 7.72% Cap Rate
RÉSUMÉ DE L'ANNONCE
Compass Inc. (“Compass”) and Kenai Capital Advisors (“Kenai”), acting as exclusive advisors for the seller, are pleased to present to acquire the fee simple interest in 1721-1725 N High St, an 8,767 SF mixed-use multifamily and office property in Denver’s highly walkable and historic City Park West neighborhood.
1721-1725 N High St (the “Property”) presents a rare investment opportunity in a one-of-a-kind asset, with stable in-place income, limited downside and multiple easily achievable value-add strategies for prospective buyers. Originally constructed in 1894 on a 0.20-acre lot, the building has been updated for both commercial and residential use, with approximately $500K in capital improvements since 2022.
Zoned G-RO-3, the property allows for both multifamily and commercial uses. The office portion spans approximately two-thirds of the building and is leased to a therapy services provider through August 2029, currently achieving $8,500/month in rental revenue with 3% annual escalations. One residential unit, a 1,200 SF 2BR/1BA unit, achieves in-place revenue of $2,250/month. On top of the office space and 2BR/1BA unit generating $10,700/month, the remaining 4BR/1.5BA unit is owner-occupied and represents the opportunity to add further rental income or reposition the space for resale. For investors, the asset offers flexible exit optionality—whether by executing a lot split, converting units to pure residential, or repositioning for executive commercial offices—all within one of Denver’s most desirable urban neighborhoods.
1721-1725 N High St (the “Property”) presents a rare investment opportunity in a one-of-a-kind asset, with stable in-place income, limited downside and multiple easily achievable value-add strategies for prospective buyers. Originally constructed in 1894 on a 0.20-acre lot, the building has been updated for both commercial and residential use, with approximately $500K in capital improvements since 2022.
Zoned G-RO-3, the property allows for both multifamily and commercial uses. The office portion spans approximately two-thirds of the building and is leased to a therapy services provider through August 2029, currently achieving $8,500/month in rental revenue with 3% annual escalations. One residential unit, a 1,200 SF 2BR/1BA unit, achieves in-place revenue of $2,250/month. On top of the office space and 2BR/1BA unit generating $10,700/month, the remaining 4BR/1.5BA unit is owner-occupied and represents the opportunity to add further rental income or reposition the space for resale. For investors, the asset offers flexible exit optionality—whether by executing a lot split, converting units to pure residential, or repositioning for executive commercial offices—all within one of Denver’s most desirable urban neighborhoods.
SALLE DE DONNÉES Cliquez ici pour accéder à
- Offering Memorandum
- Operating and Financials
FAITS SUR LA PROPRIÉTÉ
Walk Score®
Un paradis pour un marcheur (91)
Bike Score®
Un paradis pour un cycliste (98)
Impôts fonciers
| Numéro de lot | 2355-18-024 | Évaluation des bâtiments | 428 921 $ CAD |
| Évaluation du terrain | 320 989 $ CAD | Évaluation totale | 749 910 $ CAD |
Impôts fonciers
Numéro de lot
2355-18-024
Évaluation du terrain
320 989 $ CAD
Évaluation des bâtiments
428 921 $ CAD
Évaluation totale
749 910 $ CAD
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1721-1725 N High St | 1725 N High St
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