4439 Nevada PlDenver, CO 80219

This exceptional 9-unit apartment building, located at 4439 W Nevada Pl in Denver, Colorado, presents a compelling investment opportunity. Built in 1956, this well-maintained Class C property boasts 6,420 square feet situated on a 0.29-acre lot. The building features nine two-bedroom units, each with updated kitchens, bathrooms, floors, windows, and private back patios. Significant recent improvements include new furnaces, hot water heaters, roof, landscaping, laundry area, sewer line, and parking lot. The property includes nine parking spaces, individual tenant storage, and a coin-op laundry facility. Utilities are individually metered for gas and electric. Currently generating a 6.18% cap rate ($102,052 NOI), a pro-forma cap rate of 6.85% ($112,998 NOI) indicates substantial rental upside potential. The asking price is $1,650,000 ($183,333 per unit) and is priced below comparable sales. The property benefits from a 4.03% assumable loan fixed through January 1st, 2027, and is less than two miles from the Belmar Shopping Center. This is a turnkey investment ready for immediate income generation and future appreciation.