$1,320,000

2071 S Milwaukee Street

Denver CO, 80210

Description

Rare opportunity to acquire a multifamily investment in the prestigious Observatory Park neighborhood. The property has undergone extensive capital improvements over the last year and is in excellent condition. Six of the units feature upgraded kitchens and all the windows were recently replaced. The exterior stairs are brand new along with a new mail box. Additional exterior improvements include new siding and paint, new exterior lighting and upgraded landscaping. These extensive upgrades enable the buyer to capture future rent growth without needing to invest significant capital. The property is surrounded by high-end single family residences with limited multifamily inventory. Average household income within a one-mile radius is over $100,000. The property is ideally book-ended by the University of Denver to the west and the Colorado Boulevard retail corridor, and light rail, to the east

Details

MLS#7160219
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1955
Days On Site284

Features

SQ Feet4,160
Story(s)0
ZoningU-RH-2.5

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Area Information

StateCO
CountyDenver
CityDenver
Zip Code80210
Listing VS Median (in 80210)
Price:
$1,320,000
low | high
Med:
$650,000
100% of Average
SqFt:
4,160
low | high
Med:
2,132
98.75% of Average
$ / SqFt:
$317
low | high
Med:
$305
53.894195807094% of Average
On Site:
284
low | high
Med:
159
100% of Average
Listing Updated: 02/07/2020
MLS Number: 7160219
Listing Provided By:
Spencer Bradley  of  APARTMENT REALTY ADVISORS