4775 South Broadway Englewood, CO 80113
- Retail space
- 943 SF
- 0.06 lot acres
Current Use by Public Records
- Simply Grand Cleaning / General Contractor / Renovation Specialist
- The Jewelry District- Denver / (Bike/Boat/Book/etc) Store
- Denver Chair Lady / Furniture & Home Goods
- The Bladerunner micro salon / Barber Shop
- Simplified IT / IT Consulting Firm / (Bike/Boat/Book/etc) Store
Property Details for 4775 South Broadway
- Year built
- 1966
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.06 lot acres
- Property size
- 943 SF
- Property type
- Retail space
- APN
- 2077-10-3-01-013
- APU
- 207710301013
Description
This exceptional 6-unit multifamily property, located at 4775 S Broadway in Englewood, Colorado, presents a compelling investment opportunity. The 3,233 square foot building, constructed in 1966, sits on a 6,250 square foot lot and boasts a strong 5.70% cap rate with a current NOI of $62,607. The asking price is $1,100,000 ($340.24/sq ft). The property features a unique mix of three retail units facing Broadway and three residential units at the rear, all currently occupied and exhibiting a solid rental history. Recent updates include new roofs, flooring, interior and exterior paint, and HVAC and plumbing upgrades in select units. Each residential unit includes in-unit laundry. Parking is provided by five off-street spaces in the front lot and two to three dedicated spaces in the alley, supplemented by ample street parking on Broadway. This well-maintained property benefits from its prime location, offering easy access to US-85, Highway 285, and light rail, placing it minutes from South Broadway, shopping, and hospitals. Englewood itself is a thriving community, conveniently located seven miles south of downtown Denver, known for its blend of urban convenience and small-town charm, and its proximity to major employment centers and healthcare facilities. This property offers low maintenance costs and potential rental upside, making it an attractive investment in a rapidly growing market.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $555,000
- AI Estimate
- $555,000
Market price range: $237k - $577kMarket price range: $237k - $577k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $400,000 Current use
- COMMERCIAL (GENERAL)
- $525,000 Change: +32% Conversion: Easy
- AUTO REPAIR, GARAGE
- $445,000 Change: +11% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Englewood
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.988
- Latitude
- 39.6299
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA