2846 Federal BlvdDenver, CO 80211

Property Details for 2846 Federal Blvd

Year built

1924

Construction

WOOD

Lot size

0.20 AC

Property size (Sq ft)

10,660 SF

Zone code

G-MU-5

Property type

Residential income properties

Property subtype

Garden apartment buildings

APN

02294-20-001-000

APU

229420001000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,158,204

  6.5%

  $2,915,265

  7%

  $2,707,032

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,338,740

  Geo Method

  $1,365,130

• Alternative Use

  Use

  Valuation

  Residential

  $2,915,265

  Hospitality

  $2,670,367

  Educational

  $2,221,714

  Medical

  $2,298,122

  Retail

  $3,456,000

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7583

Longitude

-105.025

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].