5001-5007 30Th Ave Denver, CO 80212
- Apartment buildings
- 3,012 SF
Current Use by Public Records
- Apartment buildings
Property Details for 5001-5007 30Th Ave
- Year built
- 1910
- Property size
- 3,012 SF
- Property type
- Apartment buildings
Description
This exceptional four-unit apartment building, located at 5001-5007 W 30th Avenue in Denver, Colorado's desirable West Highland neighborhood, presents a compelling investment opportunity. Built in 1910, this charming two-story building boasts 3,012 square feet on a 7,760 square foot lot and is zoned U-SU-C. The property features four spacious two-bedroom apartments, each with a private entrance, well-equipped kitchens, and full bathrooms. Original architectural details blend seamlessly with modern updates, creating a unique and appealing living space. Residents enjoy a beautifully landscaped rear courtyard, ample storage, shared laundry facilities, and off-street parking. The property's prime location offers easy access to Sloan's Lake, Highland Square, and a vibrant array of restaurants, shops, and entertainment options. Currently, one unit is owner-occupied, while the remaining three generate rental income, providing a strong current NOI of $63,607 and a pro-forma NOI of $75,828, translating to a 4.56% cap rate and a pro-forma cap rate of 5.44%. The asking price is $1,395,000, or $348,750 per unit, and $463.15 per square foot. This property offers a blend of owner-user potential and significant income generation, making it an ideal investment for those seeking a strong return in a highly sought-after Denver location. The property's combination of historic charm, modern amenities, and prime location makes it a truly unique opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -105.051
- Latitude
- 39.7604
