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    1341 Cook St Denver, CO 80206-2647

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    1341 Cook St Denver, CO 80206-2647


    • Garden apartment buildings
    • 9,113 SF
    • 0.14 lot acres
    Off-Market
    Last Sale Nov 22, 2024
    $5,009,000
    Property ID
    US13-0241467
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $5,010,000
    Show details
    Cap Rate Potential
    2.8%
    Garden apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Burleson Law, LLC / Consultant

    Property Details for 1341 Cook St

    Year built
    1968
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    9,113 SF
    Zone code
    U-RH-3A
    Property type
    Garden apartment buildings
    APN
    05011-14-017-000
    APU
    501114017000

    Description

    This exceptional 17-unit apartment building, located at 1341 Cook St in Denver, Colorado's desirable Congress Park neighborhood (zip code 80206), presents a compelling investment opportunity. The property, built in 1968 and situated on a 5,943 square foot lot, boasts a total of 9,113 square feet. All 17 units have undergone a complete renovation, featuring custom kitchens, brand new bathrooms, new flooring, designer fixtures, and in-unit washer/dryers. The unit mix includes five two-bedroom units and twelve one-bedroom units, offering a diverse tenant base. Significant capital improvements include a new roof (2020), a new boiler (2022), vinyl windows, updated stairs and walkways, and a brand new stamped concrete patio with new exterior fixtures. Six off-street parking spaces are available, currently leased at $100 per month each. The property's prime location, just four blocks from City Park, is surrounded by multi-million dollar homes, vibrant nightlife, and convenient public transportation. With a current NOI of $278,441 and a pro-forma NOI of $290,782, this property offers a 5.30% cap rate and a pro-forma cap rate of 5.50%. The asking price is $5,250,000, translating to $308,824 per unit and $576 per square foot. The permitted zoning is U-RH-3A. This turnkey property is ideal for investors seeking predictable cash flow and easy management in a highly sought-after Denver location.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $5,010,000
      ML approach
      $5,010,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,087,000
      Market price range: $2.43M - $4.03M
    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,185,000
      Current use
      RESTAURANT
      $3,725,000
      Change: +17% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,650,000
      Change: +15% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.948
    Latitude
    39.7375
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,404
    $26,840
    $210,670
    $237,510
    -
    $455,600
    $3,144,400
    $3,600,000
    More about this property
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