Description
• 100% leased mixed use asset on South Broadway • 11 apartment units and 2 retail units • 9 of the 11 apartment units were renovated and finished Summer 2022. Brand new hot water heaters, flooring, electrical, plumbing, paint, kitchens and appliances, etc. • High visibility property on South Broadway • Rapidly developing area in the Denver MSA • New storefront going to be installed in 2024 • Coin laundry recently added for additional income (around $200/mo not factored into NOI)
Listing Details
- Cap Rate
7.01%
- Space Type
multifamily
- Sub Category
apartments-building
- Sale Type
Investment Sale
- Date Listed
4/28/2025
- Parking Info
1.11/1,000 SF
Property Specifics
- Property Name
1755 S Broadway
- Property Class
C
- No of Stories
2
- Year Built
1961
- Building Size
7,192 SF
- Lot Size
0.22 AC
- Year Renovated
2022
- APN
5226-10-030
- Zoning
U-MS-5 - Applies primarily to collector or arterial street corridors, or may be embedded within a larger commercial shopping center or mixed use 1-5 stories
- Occupancy
100%
Property Amenities
Location Amenities
Airport
Commuter Rail
Metro/Subway