1234 York St, Denver, CO 80206-3039

This exceptional 7-unit apartment building, located at 1234 York Street in Denver, Colorado, presents a compelling investment opportunity. Built in 1888 and extensively renovated in 2019, this 3-story, 3,212 square foot Victorian-era building boasts a charming aesthetic combined with modern updates. The property features seven units, each benefiting from recent improvements. Significant upgrades include a new roof (2019), a complete sewer replacement (2019), a new hot water heater and furnace (2016), and a refreshed concrete sidewalk and front walkway (2021). The building sits on a 6,250 square foot lot and includes six on-site parking spaces and a private fenced patio. Currently generating a NOI of $71,638, with a pro-forma NOI of $85,059, this property offers a 5.12% cap rate and a pro-forma cap rate of 6.08%. The asking price is $1,400,000, translating to $200,000 per unit and $435.87 per square foot. Situated in the desirable Cheesman Park neighborhood of Central Denver, this property benefits from a walk score of 89, providing easy access to Cheesman Park, Congress Park, and the Denver Botanical Gardens. The G-MU-3 zoning allows for flexible usage options. This turn-key property offers an easy path to a high return on investment, making it an ideal addition to any portfolio. The building's historic character, combined with its modern amenities and prime location, ensures strong rental demand and long-term value.