This 11 unit, turn of the century apartment building is listed at $136,364/unit. Most units have hardwood floors and updated windows. Includes seller owned laundry and additional income from huge parking garage. Opportunity to renovate and increase rental rates. ***Property will require substantial capital improvements to achieve projected 6% cap rate.
***Current cap rate based on 2017 YTD financials annualized is 4.54%.
***Please note building square footage is from CoStar. Buyer is responsible to verify building square footage.
Exceptional location in the Capitol Hill submarket of Denver.
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