1568 Vine StDenver, CO 80206

Property Details for 1568 Vine St

Year built

1896

Lot size

0.14 AC

Property size (Sq ft)

3,248 SF

Zone code

G-RO-3

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

02355-31-002-000

APU

235531002000

Description

This exceptional 6-unit multifamily property at 1568 Vine Street, Denver, CO, presents a compelling investment opportunity. Built in 1896 and meticulously renovated, this 3,786 square foot building boasts modern luxury finishes throughout. Each unit features chef-inspired kitchens, updated plumbing, brand new windows, central air conditioning, and a new furnace. The property also benefits from a 200-amp main electrical panel and a recently replaced water line, ensuring efficient and reliable operation. Residents enjoy the convenience of complimentary private storage, in-unit washer/dryer access, and six free on-site parking spaces. Outdoor amenities create a welcoming atmosphere, including a pergola with a fire pit, garden boxes for tenants' use, and ample space for relaxation. The roof is in excellent condition, and new gutters further enhance the property's durability and longevity. Situated on a 0.14-acre lot, this turnkey property is ideal for investors seeking immediate cash flow and long-term appreciation in a highly desirable Denver location. The property's modern updates, combined with its classic charm, ensure strong rental demand and a high return on investment. This property is available for purchase individually, or as part of a larger portfolio that includes 1266 Lafayette Street (an 8-unit property). The asking price is $1,600,000.

• CAP approach

  CAP return

  Valuation

  6%

  $962,274

  6.5%

  $888,253

  7%

  $824,807

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,321,972

  Geo Method

  $415,942

• Alternative Use

  Use

  Valuation

  Residential

  $888,253

  Hospitality

  $813,635

  Educational

  $676,935

  Medical

  $700,216

  Retail

  $1,053,010

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7413

Longitude

-104.962

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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