Commercial Sale Property for Sale Denver Colorado at $1,500,000
New and improved financials. Now a current 5.4% CAP rate! 1579 N Franklin Street is a beautifully renovated 6-unit building in Denver's Uptown neighborhood. The property features 5 studios, and 1 oversized 3bd/2ba unit that spans three floors and includes in-unit washer/dryer. Complete renovations were done on all 6 apartments including brand new kitchens with stainless steel appliances, designer bathrooms, new flooring, new paint and new light fixtures. Other recent improvements include new landscaping, exterior paint, updated HVAC systems and a newer roof. At a current 5.4% CAP rate, this low-maintenance property is perfect for a passive investor who will pass the keys on to a management company. An owner-operator will walk into this easy-to-operate property with a 5.96% CAP rate on day 1. Just one block to Denver's Restaurant row, these apartments rent in no time at all.
Contact - Listing ID 1872913