1075-1085 Clarkson Street, Denver, CO 80218 (Sold on 10/10/2017)

  • 8 BedBeds
  • 13 Baths
  • 0 Full BathFull Baths
  • 0 Half BathHalf Baths
  • 0 3/4 Baths
  • 6,466 Sqft
  • Commercial
  • Sold
  • MLS# 3958198
  • mls board disclosure Pinnacle Real Estate Advisors
0 More Scheduled

$1,380,000

  • Price Reduced

Property Description1075-1085 Clarkson Street, Denver, CO 80218


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. ***G-MU-5 Zoning Exceptional location in the Capitol Hill submarket of Denver.

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Property Details1075-1085 Clarkson Street, Denver, CO 80218

Listing courtesy of: Pinnacle Real Estate Advisors

General Features

Style  Multi-Story
Baths  13
Year Built  1905
Beds  8
Finished Sq. Ft.  6466
Lot Size  2.3000

Interior Features

Square Footage Above approx  4200
Heating  Baseboard, Hot Water
Cooling Description  Air Conditioning-Individual

Exterior / Lot Features

Exterior  Front Porch
ZONING  G-MU-5

Schools

School District  Denver 1
Elementary 
Middle 
High 

Financial Considerations

Tax Amount  $727500
Tax Year  7275

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Monthly insurance : $0.00
Monthly taxes : $0.00
Monthly payment : $0.00
Total monthly payment : $0.00

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The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than RE/MAX Alliance are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. [more]

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