
Downtown Multifamily Apartments – Denver, Colorado
Portfolio of 2 Properties – Portfolio of 2 Properties
Denver, Colorado
Located in the heart of Congress Park, this exciting opportunity offers two of the highest quality apartment buildings in an area centrally…


PROPERTY FACTS
Price      $18,500,000     Â
Price / SFÂ Â Â $390.72 / SFÂ Â Â Â Â Â
Cap Rate   5.65%        Â
Sale Type   Investment     Â
Status      Active
Number of Properties   2
 Individually For Sale      0
Total Building Size      47,349 SF
Total Land Area      0.67 AC
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PROPERTIES
PROPERTY NAME / ADDRESSÂ Â Â PROPERTY TYPEÂ Â Â SIZEÂ Â Â YEAR BUILTÂ Â Â PRICE
Black Swan
1380 Steele St, Denver, CO      Multifamily      33,492   1963      N/A
White Swan
1300 Adams St, Denver, CO      Multifamily      13,857   1960      N/A
TAXES & OPERATING EXPENSES (PRO FORMA – 2020) Â Â Â ANNUAL
Gross Rental Income                     $1,257,840
Other Income                                 $118,116
Vacancy Loss                             $62,892
Effective Gross Income                  $1,313,064
Taxes                                     $59,584
Operating Expenses                       $207,382
Total Expenses                                $266,966
Net Operating Income                   $1,046,098