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$ 1,540,000
Est. payment | /mo
7 Beds
14 Baths
4,060 SqFt
$ 1,540,000
Est. payment | /mo
7 Beds
14 Baths
4,060 SqFt
Key Details
Property Type Other Types
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,060 sqft
Price per Sqft $379
Subdivision Belmont Park Annex
MLS Listing ID 7578249
Bedrooms 7
HOA Y/N No
Year Built 1952
Property Sub-Type Quadruplex
Property Description
Marcus & Millichap is pleased to present the exclusive listing for 636 S Quitman St, a 14-unit multifamily property located in the heart of West Denver. This attractive, cottage-style asset offers investors a rare opportunity to acquire a high-yielding property with strong in-place cash flow and additional upside through continued rent growth.
The property is offered at $1,750,000, representing a 6.41% cap rate with the ability to achieve a 6.67% Year 1 cap rate. Investors will benefit from an 7.93% cash-on-cash return and a low basis of approximately $125,000 per unit, well below replacement cost.
The property is offered at $1,750,000, representing a 6.41% cap rate with the ability to achieve a 6.67% Year 1 cap rate. Investors will benefit from an 7.93% cash-on-cash return and a low basis of approximately $125,000 per unit, well below replacement cost.
Location
State CO
County Denver
Zoning E-MX-3
Interior
Heating Baseboard
Cooling Other
Exterior
Roof Type Unknown
Private Pool No
Building
Lot Description Level
Story One
Sewer Public Sewer
Schools
School District Elementary: Denver 1, Middle/Junior: Denver 1, High: Denver 1
Others
Senior Community No
Tax ID 5181-45-005
Special Listing Condition None Known
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byMarcus & Millichap Real Estate Investment Services of Atlanta, Inc.
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