4851 Bannock St Englewood, CO 80110
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 4851 Bannock St
- Property type
- Commercial real estate
Description
This exceptional three-unit apartment building, located at 4851 S Bannock St in Englewood, Colorado (zip code 80110), presents a compelling investment opportunity. The property boasts a total of 5,800 square feet and features three, three-bedroom, two-bathroom units, all currently move-in ready with updated flooring and paint. Two units include a basement bedroom and bathroom with egress windows. The large front unit offers all above-grade living space. A significant advantage is the potential to add a fourth unit, confirmed by Englewood city zoning (buyer to verify). The property includes three covered parking spaces and additional storage. Extensive recent updates include sewer lines, electrical systems, HVAC, concrete work, and professionally maintained landscaping. The current pro-forma net operating income (NOI) is $75,400, yielding a 6.56% cap rate at an asking price of $1,150,000. Each unit is currently estimated to generate $2,500 in monthly rent, with the potential to significantly increase revenue by adding the fourth unit, potentially reaching $9,200+ in monthly gross rent. This rare, well-maintained property offers substantial cash flow potential at an attractive price point within the competitive Englewood market. Further details are available in the offering memorandum.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Englewood
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.9907706
- Latitude
- 39.6284853
