For Sale Commercial MLS# 9343269

1475 Cherry Street

Denver, CO 80220

$2,600,000

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About 1475 Cherry Street

Prime Investment Opportunity With Seller Financing Available: 17-Unit Apartment Complex in Denver with Value-Add Potential Nestled just steps from Colfax Avenue, Denver's vibrant cultural and commercial corridor, this 17-unit apartment complex presents an unparalleled opportunity for investors. This property boasts a blend of urban convenience and untapped potential, making it an ideal choice for those seeking to maximize returns in one of Denver’s most dynamic neighborhoods. Property Highlights: Unit Mix: A built-for property with a versatile mix of 1-bedroom and 2-bedroom apartments, catering to a broad tenant base. Location: Situated within walking distance to Colfax Avenue, this property offers easy access to restaurants, breweries, coffee shops, and boutique retail. The proximity to public transportation and major thoroughfares ensures strong tenant demand. Upside Potential: While currently stabilized with consistent occupancy, this property offers significant room for upside potential through strategic upgrades. On-Site Amenities: Includes dedicated parking, a shared courtyard space, and on-site laundry facilities—features that are highly desirable for tenants in this area. Value-Add Opportunities: Renovation Potential: Cosmetic updates to kitchens, bathrooms, and flooring could drive up rental income. Energy Efficiency Upgrades: Implementing energy solutions like LED lighting, low-flow fixtures, and solar panels could lower operating costs. Reconfiguration Options: Certain units offer the potential for conversion or reconfiguration to maximize rental income. Neighborhood Features: Colfax Avenue is the heartbeat of Denver, offering entertainment venues, art galleries, and nightlife. This property’s location also benefits from proximity to several parks, schools, and employment hubs, ensuring a steady stream of qualified tenants. The area is experiencing continued growth, with developments and revitalization efforts enhancing its long-term value

Property details

Property

Type
Multi Family
MLS type
Commercial Sale
Status
Active
Year built
1946
Lot
0.32 AC / 14,100 SF
MLS #
9343269

Exterior & lot

Roof
Rolled/Hot Mop
Lot
Landscaped, Sprinklers In Front

Utilities

Water
Public
Sewer
Public Sewer

Financial

Annual tax
$21,528
Parcel
6062-03-018

Location

County
Denver

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Listed by Joseph Prinzi, The Old Country Real Estate Group LLC

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