660 Washington St Denver, CO 80203-3876

This well-maintained, 7-unit apartment building in Denver's desirable Capitol Hill neighborhood presents a compelling investment opportunity. Built in 1912 and extensively renovated in 2022, the property boasts 5,117 square feet of space, with 4,716 square feet net rentable. The building sits on an expansive 11,250 square foot lot and includes a two-car garage, providing additional income potential. Seven units, a mix of studios and one-bedrooms, are complemented by on-site parking for seven vehicles, common laundry facilities, and a fenced courtyard. Recent upgrades include a new boiler, roof, sewer line, and refurbished windows, minimizing future maintenance needs. The property enjoys a strong current NOI of $79,148, with a pro-forma NOI of $84,125, translating to a 5.28% cap rate and a pro-forma cap rate of 5.61%. The asking price is $1,500,000, or $214,286 per unit, and the property is zoned U-RH-2.5. Its prime location offers convenient access to the vibrant Central Denver market, making it an attractive investment for those seeking strong cash flow and potential for appreciation. The property's high walk score (93) and mature landscaping further enhance its appeal. This turnkey property is ideal for investors seeking a stable and profitable investment in a thriving urban area.