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    FOR SALE
    Commercial real estate

    3530 W Lehigh Ave Denver, CO 80236

    9,720 SF Built 1972
    Property ID
    US13-0671024
    3530 W Lehigh Ave, Denver, CO 80236 For Sale 1 / 50
    $2,100,000 9,720 SF
    3530 W Lehigh Ave, Denver, CO 80236
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    Property summary
    AI-generated overview

    This exceptional 9-unit apartment building in Denver, Colorado presents a compelling investment opportunity. Located at 3530 W Lehigh Ave, in Arapahoe County, zip code 80236, this two-story, 9,720 square foot building boasts a 6.10% cap rate and a strong net operating income (NOI) of $128,000. Built in 1972 and extensively renovated in 2020, the property features a mix of six one-bedroom and three two-bedroom units, each updated with modern amenities. Upgrades include new kitchens with stainless steel appliances and granite countertops, updated bathrooms, new flooring, in-unit washer/dryers, and wall-mounted A/C units. One unit is handicap accessible. Significant infrastructure improvements include a new sewer line, electrical system, plumbing, and a monitored fire sprinkler system. The property offers nine dedicated parking spaces plus ample street parking, and a bike rack. Currently enjoying 100% occupancy since September 2020, this property provides a stable income stream. Its convenient location offers easy access to public transportation (light rail 5 minutes, bus stop 1 minute), and the River Point shopping center (5 minutes away). An assumable loan at a 3.36% interest rate is available through March 2031, further enhancing the investment appeal. The asking price is $2,100,000 ($216.05/sq ft, $233,333.33/unit). This turnkey investment is ideal for those seeking a reliable and profitable addition to their portfolio.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1972
    Total area 9,720 SF
    UPID US13-0671024
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Colorado Social Research Associates Medical Clinic
    1 occupant on record
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Permitted uses
    Permitted uses
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