4775 BroadwayEnglewood, CO 80113

Property Details for 4775 Broadway

Year built

1966

Construction

CONCRETE BLOCKS

Lot size

0.06 AC

Property size (Sq ft)

943 SF

Property type

Retail properties

Property subtype

Retail space

APN

2077-10-3-01-013

APU

207710301013

Description

This exceptional 6-unit multifamily property, located at 4775 S Broadway in Englewood, Colorado, presents a compelling investment opportunity. The 3,233 square foot building, constructed in 1966, sits on a 6,250 square foot lot and boasts a strong 5.70% cap rate with a current NOI of $62,607. The asking price is $1,100,000 ($340.24/sq ft). The property features a unique mix of three retail units facing Broadway and three residential units at the rear, all currently occupied and exhibiting a solid rental history. Recent updates include new roofs, flooring, interior and exterior paint, and HVAC and plumbing upgrades in select units. Each residential unit includes in-unit laundry. Parking is provided by five off-street spaces in the front lot and two to three dedicated spaces in the alley, supplemented by ample street parking on Broadway. This well-maintained property benefits from its prime location, offering easy access to US-85, Highway 285, and light rail, placing it minutes from South Broadway, shopping, and hospitals. Englewood itself is a thriving community, conveniently located seven miles south of downtown Denver, known for its blend of urban convenience and small-town charm, and its proximity to major employment centers and healthcare facilities. This property offers low maintenance costs and potential rental upside, making it an attractive investment in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $297,461

  6.5%

  $274,579

  7%

  $254,967

• Comparable approach

  Method

  Valuation

  Relative Method

  $196,335

  Geo Method

  $196,335

• Alternative Use

  Use

  Valuation

  Residential

  $231,618

  Hospitality

  $212,161

  Educational

  $176,515

  Medical

  $182,586

  Retail

  $274,579

Location Insight

City

Englewood

County

Arapahoe

State

Colorado

Latitude

39.6299

Longitude

-104.988

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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