Skip To Content

1579 N Franklin Street

Denver, CO 80218
  • $1,500,000
  • STATUS: Pending
  • ON SITE: 60 Days
  • ID#: 1872913
Under Contract
UPDATED: 23 min ago
$1,500,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,358
    SQFT
  • $447
    $/SQFT
Type:
Multi-Family
Built:
1909
County:
Area:

School Ratings & Info

REcolorado logo Offered by Northpeak Commercial Advisors, Llc.

Description

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.

Monthly Payment Calculator



Licensed in the State of Colorado, USA

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 Home303 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.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

REcolorado logo © 2022 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

www.home303.com/homes/129643801
Print Image

1579 N Franklin Street Denver, CO 80218

  • Price: $1,500,000
  • Status: Pending
  • On Site: 60 Days
  • Updated: 23 min ago
  • ID#: 1872913
0
Beds
0
Baths
0
½ Baths
0.06
Acres
3,358
SQFT
$447
$/SQFT
1909
Built
County:
Denver
Area:
Denver
Property Description
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.
Exterior Features

Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Garage YN No Lot Features Corner Lot Lot Size Area 0.06 Lot Size Square Feet 2790 Parking Total 0 Road Frontage Type Public Road Road Surface Type Paved Roof ArchitecturalShingle

Property Features

Construction Materials Brick Contingency None Known Exclusions Tenant Personal Property Lease Considered YN No Listing Terms CashConventional Possession Closing Property Sub Type Multi Family Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 4302 Tax Year 2021 Utilities Electricity ConnectedNatural Gas ConnectedSewer Connected Water Source Public Zoning G-Ro-3

REcolorado logo Listing courtesy of Northpeak Commercial Advisors, Llc:720-738-1944. MLS #1872913


Licensed in the State of Colorado, USA

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 Home303 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.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

REcolorado logo © 2022 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

 
https://bt-photos.global.ssl.fastly.net/metrolist/1280_boomver_1_1872913-2.jpg https://bt-photos.global.ssl.fastly.net/metrolist/1280_boomver_1_1872913-2.jpg https://bt-photos.global.ssl.fastly.net/metrolist/1280_boomver_1_1872913-2.jpg
Logo
Home303
6989 S. Jordan Rd., Unit 4-Up
Centenniel CO, 80112
REcolorado logo Offered by Northpeak Commercial Advisors, Llc.