1536 York StDenver, CO 80206

This exceptional 12-unit multifamily investment property, located at 1532-1536 York Street in Denver, Colorado's desirable City Park neighborhood (zip code 80206), presents a compelling opportunity. The property, built in 1909, comprises a three-story building encompassing 5,150 square feet on a 5,460 square foot lot. The portfolio includes eight one-bedroom, one-bathroom units and four studio apartments. With seven parking spaces available, the property offers a current NOI of $92,191, translating to a 3.07% cap rate and a price per unit of $241,667. However, a pro-forma NOI of $152,784 projects a significantly higher 5.09% cap rate, indicating substantial upside potential through strategic unit upgrades and leveraging Denver's robust rental market. The property's central location provides convenient access to renowned attractions such as the Denver Botanic Gardens, Denver Zoo, and City Park, attracting a strong tenant pool. This presents a solid investment opportunity for those seeking dependable cash flow and long-term appreciation in a prime Denver location. The asking price is $2,900,000, with a price per square foot of $563.11.