For Sale Commercial MLS# 3331785

1260 N Logan Street

Denver, CO 80203

$1,725,000

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About 1260 N Logan Street

Seller decided to reduce their asking price by $275,000 after receiving valuable market feedback through multiple offers! That's a -13.8% change in pricing expectations. This new price now matches offers received earlier this year and sales data from 11 years ago. If you've been "waiting for prices to decline," here's your opportunity to dollar cost average your rental portfolio.

During their 17 year ownership, the Seller has consistently invested in the building with high-quality capital improvements.

All of the windows were replaced in 2020 with double-pane glass in bronze exterior frames from Simonton's Maderia line.

The roof was replaced in 2017 with a .60 mil EPDM over a 1/2 inch Carlisle Secure Shield. Why is this important?

Carlisle SecurShield HD (½”): A ½-inch thick, rigid high-density polyisocyanurate (polyiso) foam insulation panel. It is commonly used as a cover board to provide superior puncture and hail resistance while adding an R-value of 2.5.

60-mil EPDM Membrane: A commercial roofing membrane known for exceptional weatherability, elongation, and resistance to ultraviolet radiation and thermal shock.

Attachment Method: The SecurShield HD board is mechanically fastened or adhered to the roof deck. The 60-mil EPDM membrane is subsequently adhered on top.

The boiler system was replaced in 2012 with a Raypak hot-water boiler that feeds baseboards through zone valves to each unit.

In addition to the these three major capital improvements (windows, roof, boiler), the Seller has renovated most of the units during their ownership.

Property details

Property

Type
Multi Family
MLS type
Commercial Sale
Status
Active
Year built
1958
Lot
0.14 AC / 6,250 SF
MLS #
3331785

Exterior & lot

Roof
Membrane
Parking
Asphalt

Utilities

Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Water
Public
Sewer
Public Sewer

Financial

Annual tax
$15,227
Parcel
5031-14-005
Special conditions
None Known

Location

County
Denver
Directions
East side of the street, 3 properties south of 13th Ave on N. Logan St.

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Listed by Kyle Malnati, Kentwood Real Estate DTC, LLC

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