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960 Grant St
Denver, CO 80203 Capitol Hill

$12,000,000 USD

Apartments For Sale • 33,948 SF

Property Details

Property Type Apartments
Total Building Size 33,948 SF
Lot Size 0.35 AC
Building Class B
Year Built 1937
Zoning C-MX-8

51 Transit Score

96 Walk Score

                
                    Highlights
                
                                SIGNIFICANTLY BELOW-MARKET, LONG-TERM ASSUMABLE DEBT: 78% LTV INTEREST ONLY FINANCING, FIXED AT 3.59%, WITH APPROXIMATELY FOUR YEARS REMAINING
                            
                                PROJECTED YEAR 1 CASH-ON-CASH RETURNS EXCEEDING 9.5%!
                            
                                IMMEDIATE OPERATIONAL UPSIDE THROUGH STREAMLINED MANAGEMENT AND EXPENSE EFFICIENCIES
                            
                                OVER $2,300,000 IN RECENT CAPITAL IMPROVEMENTS
                            
                                TURNKEY CORE DENVER ASSET: TROPHY PROPERTY IN A PREMIER INFILL LOCATION FUTURE
                            
                                FUTURE DEVELOPMENT POTENTIAL WITH SDP APPROVED FOR 48 UNITS AT 951 LOGAN

Amenities

Cable Ready
Disposal
Laundry Facilities
Security System
Heating

Public Transportation

Commuter Rail	Drive	Walk	Distance
	7 min	-	2.3 mi
Union Station: LoDo-Coors Field-16th Street Mall (C Line - Denver Regional Transportation District Light Rail (TheRide), E Line - Denver Regional Transportation District Light Rail (TheRide), W Line - Denver Regional Transportation District Light Rail (TheRide))	7 min	-	2.4 mi
Airport	Drive	Walk	Distance
Denver International	38 min	-	25.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	37
Type:	Surface
Included in Rent:	Yes

Jim Knowlton 303-962-9543 Pinnacle Real Estate Advisors

960 Grant St Denver, CO 80203 Capitol Hill