1266 N Lafayette Street
Denver, CO 80218
5286 sqft | 0.11 acres | #2126553
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Description
Chic, modernized 8-unit multifamily investment property ideally located in the esteemed Cheesman Park submarket with strong rental income and assumable interest-only debt at 3.43%! The property glows with a fully custom, contemporary renovation inside and out, seamlessly blending old-world charm with modern allure. With a new roof featuring solar technology, 3 garages, storage, and updated furnace and hot water heaters, this 5,286 SF building with 8 units is a true turnkey investment. The addition of onsite laundry, a gated patio with a fire pit, and inviting outdoor common areas enhances its appeal for residents. Zoned G-MU-3, this property embodies the essence of sophisticated urban living, making it an enticing prospect for multifamily investors seeking a unique, updated, strong performing, apartment asset. Attractive assumable debt at 3.34% interest-only and 7.76% cash-on-cash return. Can be purchased with 1568 Vine Street (6 units).
Property Details
- Structure TypeLow Rise (1-3)
- Sewer InformationPublic Sewer
- Property SubtypeMulti-Family
- Original List Price$2,400,000
- Property TypePurchase
- MLS #2126553
- Cost2400000
- MLS #2126553
- Utility SourcePublic
- CountyDenver
- Taxes Annual$8,337
- Acres0.11
- Square Feet5286
- Year Built1888
- Parking Spaces3
Location
Legal
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Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Robert Lawson (#REC001038)
Listing Office: Pinnacle Real Estate Advisors (#RECM0485)
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