2735 32Nd Ave Denver, CO 80211

Property Details for 2735 32Nd Ave

Year built

1895

Property size

6,230 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a stabilized multifamily portfolio comprising two adjacent buildings totaling six units situated on a 20,400 square foot lot in Denver's desirable Potter Highlands neighborhood. The property, located at 2735 and 2739-2741 W 32nd Avenue, offers a blend of classic charm and modern updates. Building one, at 2735 W 32nd Avenue, features four units, each boasting hardwood floors, ceiling fans, and fully functional kitchens, along with access to outdoor patio space. Building two, at 2739-2741 W 32nd Avenue, includes two units upgraded with hardwood floors, modern granite countertops, and seven newly renovated full bathrooms. Significant recent improvements include a new furnace, water heaters, and a recently installed sewer line, ensuring long-term operational efficiency. The property is currently 100% occupied, generating consistent rental income. With a total of 6,230 square feet, the buildings are two stories each, and the property includes four parking spaces. The asking price is $1,999,000, representing a price per square foot of $320.87 and a price per unit of $333,166.67. The property is zoned G-MU-3 and benefits from its location on bustling West 32nd Avenue, close to restaurants, shops, bars, and parks. This presents a rare opportunity to acquire a well-maintained, income-producing asset in a thriving Denver neighborhood.