$2,400,000
For Sale

1266 N Lafayette Street

Denver, CO 80218
5286 sqft | 0.11 acres | #2126553
Listing OfficePinnacle Real Estate Advisors
Browse 49 photos
Type:Purchase
Structure:2 Family
Zone:Commercial

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

Hanover CommercialReal Estate Group

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