1041 Ogden St Denver, CO 80218-2850
- High-rise multifamily apartments
- 28,705 SF
- 0.38 lot acres
May 03, 2021
Current Use by Public Records
- Beacon Hill Apartments / Apartment Building
- The Mason / Apartment Complex
Property Details for 1041 Ogden St
- Year built
- 1966
- Construction
- WOOD
- Lot size
- 0.38 lot acres
- Property size
- 28,705 SF
- Zone code
- G-MU-3
- Property type
- High-rise multifamily apartments
- APN
- 05022-43-027-000
- APU
- 502243027000
Description
This exceptional 44-unit apartment building, known as The Mason, presents a compelling investment opportunity in Denver's vibrant Capitol Hill neighborhood. Located at 1041 Ogden St, Denver, CO 80218, this property boasts a prime location adjacent to Whole Foods' Ideal Market and within easy walking distance of Cheesman Park. Built in 1966, The Mason features 42 one-bedroom and 2 two-bedroom units, offering a mix of layouts to attract a diverse tenant base. The building includes 22 off-street parking spaces, a valuable amenity in this desirable area. Recent capital improvements have significantly enhanced the property, including new exterior paint, new windows, fully remodeled hallways and common areas, new flooring and stainless-steel appliances in most units, a Butterfly entry system, and an Amazon Hub package delivery station. Residents enjoy a community courtyard complete with a built-in grill and firepit. Units are equipped with air conditioning, dishwashers, disposals, hard surface flooring, and convenient access to laundry facilities on each floor. The property benefits from copper plumbing and modern electric service, ensuring low maintenance and predictable cash flow. A significant advantage is the assumable Freddie Mac loan of $6,050,000 at a fixed 3.12% interest rate until May 2031, offering positive leverage. The building sits on a 16,346 sq ft lot and comprises 23,538 sq ft of space. Rents are currently on the rise and poised for further growth with future cosmetic upgrades to kitchens and bathrooms. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a highly sought-after Denver location. The property is zoned G-MU-3.
Value Estimations
-
AI approach
- Estimation
- $9,115,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $8,235,000
- 6.5%
- $8,910,000
- 7%
- $9,740,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $10,155,000
- Geo Method
- $10,025,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $8,455,000
- Retail
- $9,910,000
- Mixed-Use
- $8,735,000
- Hospitality
- $8,120,000
- Educational
- $9,920,000
- Residential Income
- $9,520,000
- Energy
- $10,520,000
- Income-Based Land
- $7,995,000
- Food Service
- $9,795,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.976
- Latitude
- 39.7327
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
