For Sale
$5,190,000

2846 Federal BlvdDenver, CO 80211

25-Unit Multifamily, Fully Renovated

Overview

Added:
Dec 11, 2024
Days on market:
116
This stunning, fully renovated 25-unit apartment building in Denver's Highlands neighborhood presents a compelling investment opportunity. Built in 1924 and completely renovated in 2022, the property boasts 10,152 square feet on an 8,712 square foot lot. All new plumbing, electrical, kitchens, bathrooms, common areas, windows, and doors ensure a turnkey operation. Modern interiors feature wide-plank flooring, updated kitchens and bathrooms with energy-efficient stainless steel appliances, and new ductless mini-split heating and air conditioning systems. Residents enjoy a shared laundry area, pet station, and pet area. The property's strategic location offers proximity to downtown Denver, public transportation, parks, shopping, restaurants, and entertainment. The building is compliant with Energize Denver standards, ensuring long-term sustainability and efficiency. With a current NOI of $263,117 and a pro-forma NOI of $273,251, this property offers a 5.07% cap rate and a pro-forma cap rate of 5.26%. The asking price is $5,190,000, or $207,600 per unit. The property is zoned G-MU-5. This is a truly turnkey asset, designed for high occupancy and efficient expense operation.

Highlights

  • $5,190,000 asking price for a 25-unit apartment building in Denver, CO.
  • Fully renovated 10,152 sq ft building with a 5.07% cap rate (5.26% pro-forma).
  • $263,117 NOI ($273,251 pro-forma), $207,600 per unit.
  • Located in Denver's Highlands neighborhood, minutes from downtown.
  • Features updated kitchens, bathrooms, and common areas; new HVAC, windows, and doors.

Property Details for 2846 Federal Blvd

Property type
Apartment buildings
Square Feet
10,152 SF
Year Built/Renovated
1924/2022
Buildings
1
Stories
2
Units
25

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.758265976769
Longitude
-105.02515737945
2846 Federal Blvd, Denver, Colorado

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2846 Federal Blvd
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