7721 E 14th, Denver, CO 80220
Local realty services provided by:ERA Shields Real Estate
7721 E 14th,Denver, CO 80220
$1,100,000
- 6 Beds
- 6 Baths
- 3,090 sq. ft.
- Multi-family
- Active
Listed by: charles burkhart
Office: marcus & millichap real estate investment services of atlanta, inc.
MLS#:3395871
Source:ML
Price summary
- Price:$1,100,000
- Price per sq. ft.:$355.99
About this home
Marcus & Millichap is pleased to present 7721 E 14th Ave, a rare six-unit cottage-style multifamily investment opportunity located in the highly desirable East Denver submarket. Situated on a prominent 0.35-acre corner lot, the property consists of six fully renovated side-by-side residences that provide tenants with the privacy and feel of single-family living while offering investors the operational efficiencies of multifamily ownership. Each unit is complemented by a detached garage that is leased separately, creating an additional income stream and enhancing the overall tenant experience.
The property is offered at a 7.35% Day One Cap Rate with the ability to increase to a 7.89% Year One Cap Rate, providing investors with immediate cash flow and continued income growth. In addition to its strong in-place operations, the unique side-by-side layout presents an attractive opportunity for a future condominium conversion or long-term redevelopment, offering multiple paths to create value. With its turnkey condition, differentiated product type, and desirable Denver location, 7721 E 14th Ave represents a compelling opportunity to acquire a high-quality asset with durable cash flow and long-term appreciation potential....
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Home facts
- Year built:1948
- Subdivision & Development:East Colfax
- Listing ID #:3395871
Rooms and interior
- Bedrooms:6
- Total bathrooms:6
- Living area:3,090 sq. ft.
Heating and cooling
- Heating:Radiant
Structure and exterior
- Year built:1948
- Building area:3,090 sq. ft.
- Lot Features:Level
- Levels:1 Story
Schools
- High school:George Washington
- Middle school:Hill
- Elementary school:Montclair
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,100,000
- Price per sq. ft.:$355.99
- Tax amount:$5,401
Parking
- Garage spaces:3
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