1568 Vine St Denver, CO 80206
- Apartment buildings
- 3,248 SF
- 0.14 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1568 Vine St
- Year built
- 1896
- Lot size
- 0.14 lot acres
- Property size
- 3,248 SF
- Zone code
- G-RO-3
- Property type
- Apartment buildings
- APN
- 02355-31-002-000
- APU
- 235531002000
Description
This exceptional 6-unit multifamily property at 1568 Vine Street, Denver, CO, presents a compelling investment opportunity. Built in 1896 and meticulously renovated, this 3,786 square foot building boasts modern luxury finishes throughout. Each unit features chef-inspired kitchens, updated plumbing, brand new windows, central air conditioning, and a new furnace. The property also benefits from a 200-amp main electrical panel and a recently replaced water line, ensuring efficient and reliable operation. Residents enjoy the convenience of complimentary private storage, in-unit washer/dryer access, and six free on-site parking spaces. Outdoor amenities create a welcoming atmosphere, including a pergola with a fire pit, garden boxes for tenants' use, and ample space for relaxation. The roof is in excellent condition, and new gutters further enhance the property's durability and longevity. Situated on a 0.14-acre lot, this turnkey property is ideal for investors seeking immediate cash flow and long-term appreciation in a highly desirable Denver location. The property's modern updates, combined with its classic charm, ensure strong rental demand and a high return on investment. This property is available for purchase individually, or as part of a larger portfolio that includes 1266 Lafayette Street (an 8-unit property). The asking price is $1,600,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,085,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $990,000
- 6.5%
- $980,000
- 7%
- $1,090,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $955,000
- Geo Method
- $1,110,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,160,000
- Retail
- $960,000
- Mixed-Use
- $1,205,000
- Hospitality
- $1,035,000
- Educational
- $1,010,000
- Residential Income
- $1,220,000
- Energy
- $1,135,000
- Income-Based Land
- $935,000
- Food Service
- $1,155,000
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.962
- Latitude
- 39.7413
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
