636 S Quitman Street, Denver, CO 80219
- $1,610,000
- 7
- BD
- 14
- BA
- 4,060
- SqFt
Courtesy of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. . charles.burkhart@marcusmillichap.com,214-336-6064
- List Price
- $1,610,000
- Status
- ACTIVE
- Days on Market
- 40
- Price Change
- ▼ $140,000 1784155902
- MLS#
- 7578249
- Year Built
- 1952
- Bedrooms
- 7
- Bathrooms
- 14
- Living Area
- 4,060
- Subdivision
- Belmont Park Annex
- Neighborhood
- Belmont Park Annex
Property Description
Marcus & Millichap is pleased to present the exclusive listing for 636 S Quitman St, a 14-unit multifamily property located in the heart of West Denver. This attractive, cottage-style asset offers investors a rare opportunity to acquire a high-yielding property with strong in-place cash flow and additional upside through continued rent growth. The property is offered at $1,750,000, representing a 6.41% cap rate with the ability to achieve a 6.67% Year 1 cap rate. Investors will benefit from an 7.93% cash-on-cash return and a low basis of approximately $125,000 per unit, well below replacement cost.
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Additional Information
- Taxes
- $8,303
- Zoning
- E-MX-3
- Heating
- Baseboard
- Air Conditioning
- Other
- Levels
- One
- Roof
- Unknown
- School District
- Denver 1
- Elementary School
- Castro
- Middle School
- Kepner
- High School
- Abraham Lincoln
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