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2455 Gaylord St Denver, CO 80210

For Sale
$4,100,000

10-Unit Apartment Building, High NOI

Property size:
8,639 SF

Description

Added:
Dec 11, 2024
Days on Market:
370
This exceptional 10-unit apartment building, located at 2455 S Gaylord St in Denver, Colorado, presents a compelling investment opportunity. Built in 1968, this three-story, garden-style brick building sits on a 0.29-acre lot and offers 8,639 square feet of living space. The property boasts a strong NOI of $200,347, translating to a 4.89% cap rate and an asking price of $4,100,000 ($410,000 per unit). The units are a mix of spacious two-, three-, and four-bedroom apartments, many recently renovated with modern amenities including stainless-steel appliances, ceiling fans, and high-speed internet access. Residents enjoy on-site laundry facilities and six off-street parking spaces. Recent capital improvements include new flooring, cabinets, countertops, bathrooms, and hardware. The professionally landscaped grounds feature a blend of open green spaces and mature shade trees. Its convenient location within walking distance of the University of Denver makes it an ideal student housing community. This property offers a blend of strong financial performance and attractive physical characteristics, making it a desirable addition to any investment portfolio. The property is zoned for multifamily use and is located in the 80210 zip code of Denver County.

Property Features for 2455 Gaylord St

General Information

Property type
Multifamily properties
Square Feet
8,639 SF

Building Details

Year Built
1968
Buildings
1
Stories
3
Units
10

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Denver
County
Denver
State
Colorado
Longitude
-104.9623420778
Latitude
39.671906123475

FAQs

What type of property is this?
Multifamily property - 10-Unit Apartment Building, High NOI
Where is this multifamily property located?
The property is located at 2455 Gaylord St Denver, CO.
What is the asking price?
The asking price for this property is $4,100,000.
More about this property
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