2133 Ash St Denver, CO 80222-4907
- Garden apartment buildings
- 3,141 SF
- 0.28 lot acres
Current Use by Public Records
- Trabajo Del Hotel de Denver / Restaurant
Property Details for 2133 Ash St
- Year built
- 1950
- Construction
- WOOD
- Lot size
- 0.28 lot acres
- Property size
- 3,141 SF
- Zone code
- C-MX-5
- Property type
- Garden apartment buildings
- APN
- 06302-17-008-000
- APU
- 630217008000
Description
This exceptional investment opportunity presents a four-unit apartment building situated on a substantial 12,300 square-foot lot in Denver's University Hills neighborhood. The property, located at 2133 S Ash St, 80222, is zoned C-MX-5, allowing for up to five stories of development. Currently configured as two one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units, two units are month-to-month tenanted, while two are vacant. This presents a significant value-add opportunity for investors seeking to renovate and reposition the property. The prime location, just 1.5 miles from Denver University, Wash Park, and Bonnie Brae, offers unparalleled potential for growth and strong rental demand. The asking price is $1,550,000, with a 4.00% cap rate. The seller is open to financing or partnership opportunities. This property is surrounded by new developments, including a neighboring 1.5-acre apartment complex and a 20+ unit rowhome development across the street, highlighting the area's rapid expansion and desirability. Don't miss this chance to acquire a property with significant upside in a thriving Denver submarket.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $310,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $265,000
Market price range: $102k - $358k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.939
- Latitude
- 39.6775
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
