For Sale
$1,100,000

4775 BroadwayEnglewood, CO 80113

6-Unit Building, High ROI, Updated

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 6-unit multifamily property, located at 4775 S Broadway in Englewood, Colorado, presents a compelling investment opportunity. The 3,233 square foot building, constructed in 1966, sits on a 6,250 square foot lot and boasts a strong 5.70% cap rate with a current NOI of $62,607. The asking price is $1,100,000 ($340.24/sq ft). The property features a unique mix of three retail units facing Broadway and three residential units at the rear, all currently occupied and exhibiting a solid rental history. Recent updates include new roofs, flooring, interior and exterior paint, and HVAC and plumbing upgrades in select units. Each residential unit includes in-unit laundry. Parking is provided by five off-street spaces in the front lot and two to three dedicated spaces in the alley, supplemented by ample street parking on Broadway. This well-maintained property benefits from its prime location, offering easy access to US-85, Highway 285, and light rail, placing it minutes from South Broadway, shopping, and hospitals. Englewood itself is a thriving community, conveniently located seven miles south of downtown Denver, known for its blend of urban convenience and small-town charm, and its proximity to major employment centers and healthcare facilities. This property offers low maintenance costs and potential rental upside, making it an attractive investment in a rapidly growing market.

Highlights

  • Mixed-use property with residential and retail components.
  • High-visibility retail space on South Broadway.
  • Proven rental income history.
  • Excellent condition with recent capital improvements.
  • Residential units feature in-unit laundry.
  • Low-maintenance building.

Property Details for 4775 Broadway

Property type
Apartment buildings
Square Feet
3,233 SF
Year Built
1966
Units
6

Location Insight

City
Englewood
County
Arapahoe
State
Colorado
Latitude
39.6299158
Longitude
-104.9882885
4775 Broadway, Englewood, Colorado

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4775 Broadway
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