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1075-1085 Clarkson Street, Denver, Colorado

$1,500,0008 Beds13 BathsFor Sale Under Contract

1075-1085 Clarkson Street, Denver, Colorado 80218
Pinnacle Real Estate Advisors - MLS® ID: 3958198

Property Details

1075-1085 Clarkson Street, Denver, Colorado 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 ZoningExceptional location in the Capitol Hill submarket of Denver.

Amenities

  • Zip80218
  • Countydenver
  • SQFT6466
  • Bedrooms8
  • Full baths13.00
  • StatusActive
  • Purchase TypeFor Sale Under Contract
  • Property typeMulti-Family
  • Zoning typeG-MU-5
  • School districtDenver 1
  • Year built1905
  • Lot size2.30
  • HeatingBASEBOARD
  • CoolingAir Conditioning-Individual
  • Parking8
  • Tax amount$7,275.00
  • Tax year2016
  • Office IDM0485
  • Agent ID003221
  • Agent nameJoe Hornstein
  • MLS® ID3958198

Broker: Pinnacle Real Estate Advisors

Listing Courtesy of Pinnacle Real Estate Advisors

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“Bob Maiocco exceeded our expectations on every level. Not only does Bob have a very solid knowledge of the real estate market, his negotiating skills are second to none. Bob has a calm and even demeanor when dealing with sometimes stressful situations that can arise when buying or selling real estate. We could not have asked for a more strategic partner to help us navigate the process of making our largest financial purchase.”

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