For Sale
$1,250,000

1225 Clayton St Denver, CO 80206

3-Unit Apartment Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
138
This charming 3-unit apartment building, located at 1225 Clayton St in Denver, Colorado's desirable Congress Park neighborhood (zip code 80206), presents a compelling investment opportunity. Built in 1906, this property boasts 2,805 square feet on a 4,684 square foot lot and features a well-balanced unit mix: one 1-bedroom and two 2-bedroom apartments. The units are attractively updated, featuring modern kitchens and bathrooms, with in-unit laundry in two of the three units. New vinyl windows throughout enhance energy efficiency. A detached double-car garage provides convenient parking for residents. Currently, all units are rented below market value, with leases expiring in Spring 2024, offering a new owner the immediate potential to significantly increase cash flow. The property's current Net Operating Income (NOI) is $45,475, with a pro-forma NOI of $56,578, reflecting this upside potential. The asking price is $1,250,000. The property is zoned U-RH-3A. This property is ideal for both owner-occupants seeking a house-hack opportunity and investors looking for a low-maintenance, high-return multifamily investment in a prime Denver location. The combination of attractive unit sizes, modern updates, and a strong rental market makes this a truly exceptional opportunity.

Highlights

  • Desirable mix of spacious one- and two-bedroom apartments.
  • In-unit laundry in two-thirds of units.
  • Significant rental income growth potential.
  • Detached, double-car garage.
  • Excellent location in the heart of Congress Park.

Property Details for 1225 Clayton St

Property type
Apartment buildings
Square Feet
2,805 SF
Year Built
1906
Units
3

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7356917
Longitude
-104.9554589

FAQs

What type of property is this?
Apartment building - 3-Unit Apartment Building, High ROI
Where is the apartment building located?
The property is located at 1225 Clayton St Denver, CO.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Desirable mix of spacious one- and two-bedroom apartments.; In-unit laundry in two-thirds of units.; Significant rental income growth potential.
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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1225 Clayton St
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