For Sale
$5,250,000

1341 Cook StDenver, CO 80206

17-unit multifamily, renovated, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 17-unit apartment building, located at 1341 Cook St in Denver, Colorado's desirable Congress Park neighborhood (zip code 80206), presents a compelling investment opportunity. The property, built in 1968 and situated on a 5,943 square foot lot, boasts a total of 9,113 square feet. All 17 units have undergone a complete renovation, featuring custom kitchens, brand new bathrooms, new flooring, designer fixtures, and in-unit washer/dryers. The unit mix includes five two-bedroom units and twelve one-bedroom units, offering a diverse tenant base. Significant capital improvements include a new roof (2020), a new boiler (2022), vinyl windows, updated stairs and walkways, and a brand new stamped concrete patio with new exterior fixtures. Six off-street parking spaces are available, currently leased at $100 per month each. The property's prime location, just four blocks from City Park, is surrounded by multi-million dollar homes, vibrant nightlife, and convenient public transportation. With a current NOI of $278,441 and a pro-forma NOI of $290,782, this property offers a 5.30% cap rate and a pro-forma cap rate of 5.50%. The asking price is $5,250,000, translating to $308,824 per unit and $576 per square foot. The permitted zoning is U-RH-3A. This turnkey property is ideal for investors seeking predictable cash flow and easy management in a highly sought-after Denver location.

Highlights

  • 17 fully renovated units
  • In-unit laundry
  • New courtyard with seating
  • New roof (2020) and vinyl windows
  • Six off-street parking spaces
  • Excellent Congress Park location

Property Details for 1341 Cook St

Property type
Apartment buildings
Square Feet
9,113 SF
Year Built
1968
Units
17

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7374918
Longitude
-104.9476238
1341 Cook St, Denver, Colorado

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1341 Cook St
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