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| Price: $ 2790000 |
| Address: 950 Lafayette Street |
| Neighborhood: Congress Park |
| Square Footage: 21116 |
| Property Type: Muti-Family |
| Units: 9 |
| Current Net Operating Income: 169721 |
| Cash on Cash: |
| Cap Rate: 6 |
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Description: Rare opportunity to own a fully occupied 27 unit apartment building within steps of one of Denver’s grand parks and in the middle of the upscale central Denver Nieghborhood of Cheesman Park. This building offers tenants a great living environment in a quiet neighborhood setting within walking distance of Downtown, Cherry Creek and many of
Denver’s top parks and hot spots. All the units are oversized compared to similar
comparable buildings and the building offers a gorgeous summertime pool and patio.
Investors can own a building that is fully occupied, easy to rent, has newer mechanical
systems, in a premier location for future condo sales, or increases in rent. Own a
building that is easy to manage and has not seen dramatic rent increases in the last couple of years as the rental market has become substantially tighter.
27 units, fully occupied
On-site laundry, owner controlled
Private Swimming Pool
Security System w/ online monitoring
2 blocks to Cheeseman Park
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| Zoning: R3 |
| Taxes: |
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| All information herein provided by the seller or other sources and is considered reliable but not guaranteed. Please verify! |
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