1568 Vine St Denver, CO 80206-1300
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.
G-RO-3 Residential Office 3 G-RO-5 Residential Office 5 G-MX-3 Mixed Use 3 G-RX-3 Residential Mixed Use 3 G-RX-5 Residential Mixed Use 5 G-MS-3 Main Street 3 G-MS-5 Main Street 5 SE CTION 6.2.2 RESIDENTIAL DISTRICTS (G-RH-3, G-MU-3 TO -20, G-RO-3, G-RO-5) 6.2.2.1 General Purpose A. The intent of the Residential districts is to promote and protect higher dens…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
G-RO-3 · Denver, COG-RO-3 Residential Office 3 G-RO-5 Residential Office 5 G-MX-3 Mixed Use 3 G-RX-3 Residential Mixed Use 3 G-RX-5 Residential Mixed Use 5 G-MS-3 Main Street 3 G-MS-5 Main Street 5 SE CTION 6.2.2 RESIDENTIAL DISTRICTS (G-RH-3, G-MU-3 TO -20, G-RO-3, G-RO-5) 6.2.2.1 General Purpose A. The intent of the Residential districts is to promote and protect higher density residential neighborhoods within the character of the General Urban Neighborhood Context. These regulations allow for multi-unit districts with a variety of residential building forms. B. The building form standards, design standards, and uses work together to promote safe, active, pedestrian-scaled residential areas. The standards accommodate the pattern of urban house, duplex, row house, garden court, and apartment. Buildings orient to the street and access is from the alley. Lot coverage is typically high accommodating a consistent, shallow front yard. C. These standards recognize the variation within the General Urban Neighborhood Context and provide eight Residential Zone Districts. The lowest-scale districts with a maximum height of three stories provide a transition to Urban and Urban Edge Neighborhood Contexts. The highest-scale districts with a maximum height of 12 and 20 stories promote a dense, urban residential character where appropriate. The Residential Office (RO) districts provide opportunities for residential and offices uses in low to moderate scale residential building forms. D. The regulations provide a consistent framework to property owners, developers, and neighborhood residents to reinforce desired development patterns, encourage affordable housing, and accommodate reinvestment in residential districts. 6.2.2.2 Specific Intent A. Row House 3 (G-RH-3)
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.