For Sale
$1,999,000

2735 32Nd Ave Denver, CO 80211

Six-unit apartment building, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a stabilized multifamily portfolio comprising two adjacent buildings totaling six units situated on a 20,400 square foot lot in Denver's desirable Potter Highlands neighborhood. The property, located at 2735 and 2739-2741 W 32nd Avenue, offers a blend of classic charm and modern updates. Building one, at 2735 W 32nd Avenue, features four units, each boasting hardwood floors, ceiling fans, and fully functional kitchens, along with access to outdoor patio space. Building two, at 2739-2741 W 32nd Avenue, includes two units upgraded with hardwood floors, modern granite countertops, and seven newly renovated full bathrooms. Significant recent improvements include a new furnace, water heaters, and a recently installed sewer line, ensuring long-term operational efficiency. The property is currently 100% occupied, generating consistent rental income. With a total of 6,230 square feet, the buildings are two stories each, and the property includes four parking spaces. The asking price is $1,999,000, representing a price per square foot of $320.87 and a price per unit of $333,166.67. The property is zoned G-MU-3 and benefits from its location on bustling West 32nd Avenue, close to restaurants, shops, bars, and parks. This presents a rare opportunity to acquire a well-maintained, income-producing asset in a thriving Denver neighborhood.

Property Details for 2735 32Nd Ave

Property type
Apartment buildings
Square Feet
6,230 SF
Class
D
Year Built
1895
Buildings
2
Stories
2
Units
6

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.762030811573
Longitude
-105.02141809734

FAQs

What type of property is this?
Apartment building - Six-unit apartment building, prime location.
Where is the apartment building located?
The property is located at 2735 32Nd Ave Denver, CO.
What is the asking price?
The asking price for this property is $1,999,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2735 32Nd Ave
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