195 Jackson StDenver, CO 80206

Property Details for 195 Jackson St

Year built

1947

Construction

WOOD

Lot size

0.29 AC

Property size (Sq ft)

16,890 SF

Zone code

G-RH-3

Property type

Garden apartment buildings

APN

05121-30-013-000

APU

512130013000

Description

This exceptional 20-unit apartment building, located in Denver's prestigious Cherry Creek North neighborhood, presents a compelling investment opportunity. The property boasts 13,850 square feet on a 12,500 square foot lot and features a mix of 7 one-bedroom/one-bathroom and 13 two-bedroom/one-bathroom units, with 12 covered parking stalls. Significant recent improvements include a new roof (2015), updated electrical systems, a newer boiler, and the replacement of six evaporative coolers (2015). Thirteen units have undergone renovations. The building's strong financial performance is reflected in a current NOI of $314,576 and a pro-forma NOI of $379,142, translating to a current cap rate of 4.84% and a pro-forma cap rate of 5.83%. The asking price is $6,500,000, or $325,000 per unit. Built in 1947, the property is zoned G-RH-3 and benefits from its location in a high-demand area with an average household income of approximately $135,000 and a median home price exceeding $1.2 million. The inclusion of a dog wash further enhances the property's appeal. This asset represents a rare opportunity to acquire affordable housing in one of Denver's most desirable and affluent neighborhoods. The property's strong occupancy rates, combined with the potential for further value appreciation, make it an attractive investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $5,096,920

  6.5%

  $4,704,850

  7%

  $4,368,790

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,632,680

  Geo Method

  $1,632,680

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,960,080

  Retail / Commercial

  $3,984,940

  Mixed-Use / Specialty

  $3,894,340

  Hospitality / Lodging

  $2,757,690

  Office

  $3,791,630

  Institutional / Educational

  $4,021,240

  Multifamily

  $6,066,260

  Automotive / Energy

  $3,446,780

  Parking / Income-Based Land

  $1,264,920

  Restaurant / Food Service

  $1,862,430

  Healthcare / Senior Housing

  $4,071,910

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7192

Longitude

-104.943

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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