768 S Lincoln, Denver, CO 80209
Local realty services provided by:ERA New Age
768 S Lincoln,Denver, CO 80209
$950,000
- 4 Beds
- 4 Baths
- 1,981 sq. ft.
- Multi-family
- Active
Listed by: jules "j.b." hochman, justin brockman
Office: brockman group llc.
MLS#:6883828
Source:ML
Price summary
- Price:$950,000
- Price per sq. ft.:$479.56
About this home
Rare West Wash Park fourplex priced below recent comps. 768 S Lincoln St offers four renovated units in one of Denver's most sought-after rental neighborhoods, at $237,500 per unit against a recent comparable-sale average of more than $340,000 per unit.
The building has a history of staying full, with strong, consistent rental demand. The unit mix is two 2-bed/1-bath units and two 1-bed/1-bath units. The units were renovated with updated kitchens and baths, so a new owner has minimal near-term capital needs. Current rents produce a 5.50% cap rate at list price, with upside to a 6.04% pro forma as rents move to market.
Location drives the demand. The property is just a short walk from the I-25 & Broadway light rail station, one of Denver's busiest transit hubs, and close to Washington Park, the South Broadway shops and restaurants, and quick routes to Downtown and I-25. Residents also have off-street parking, on-site laundry, basement storage and a fenced shared patio.
A turnkey, fully leased asset with in-place income and room to grow, well suited to a 1031 exchange or a first step into small multifamily. Offering memorandum, rent roll and financials available upon request. Please do not disturb tenants. All showings by appointment with listing broker only....
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Home facts
- Year built:1900
- Subdivision & Development:Washington Park West
- Listing ID #:6883828
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Basement Description:Partial
- Living area:1,981 sq. ft.
Heating and cooling
- Cooling:Air Conditioning-Room
- Heating:Radiant
Structure and exterior
- Roof:Composition
- Year built:1900
- Building area:1,981 sq. ft.
- Lot Features:Level
- Construction Materials:Brick, Frame
- Levels:2 Story
Schools
- High school:South
- Middle school:Hill
- Elementary school:Lincoln
Utilities
- Sewer:Community Sewer
Finances and disclosures
- Price:$950,000
- Price per sq. ft.:$479.56
- Tax amount:$3,356
Parking
- Parking description:Tandem
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