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1224-1232 E 13th Ave 18 Unit Apartment Building $4,850,000 ($269,444/Unit) 4.94% Cap Rate Denver, CO 80218

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INVESTMENT HIGHLIGHTS

18 Newly Renovated 1BR/1BA Units
18 Reserved Parking Spaces on the Property
New Stainless Steel Appliances, Exposed Brick, Coinless On-Site Laundry, Secured Access

Assumable Financing at 3.23%
Located Block from Cheesman Park, Iconic Music Venues, and Numerous Bars/Restaurants

EXECUTIVE SUMMARY

Turnkey 18-Unit in the Heart of Cheesman Park with Assumable Financing at 3.23%

1224_E_13th_Avenue_OM_Knowlton_Lawson

FINANCIAL SUMMARY (PRO FORMA - 2025)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$322,200	$31.57
Other Income	$56,107	$5.50
Vacancy Loss	$9,666	$0.95
Effective Gross Income	$368,641	$36.12
Taxes	$24,253	$2.38
Operating Expenses	$75,735	$7.42
Total Expenses	$99,988	$9.80
Net Operating Income	$268,653	$26.32

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income
Annual	$322,200
Annual Per SF	$31.57

Other Income
Annual	$56,107
Annual Per SF	$5.50

Vacancy Loss
Annual	$9,666
Annual Per SF	$0.95

Effective Gross Income
Annual	$368,641
Annual Per SF	$36.12

Taxes
Annual	$24,253
Annual Per SF	$2.38

Operating Expenses
Annual	$75,735
Annual Per SF	$7.42

Total Expenses
Annual	$99,988
Annual Per SF	$9.80

Net Operating Income
Annual	$268,653
Annual Per SF	$26.32

PROPERTY FACTS

Price	$4,850,000	Building Class	C
Price Per Unit	$269,444	Lot Size	0.27 AC
Sale Type	Investment	Building Size	10,207 SF
Cap Rate	4.94%	Average Occupancy	83%
No. Units	18	No. Stories	2
Property Type	Multifamily	Year Built	1906
Property Subtype	Apartment	Parking Ratio	1.76/1,000 SF
Apartment Style	Low-Rise
Zoning	R3, Denver

Price	$4,850,000
Price Per Unit	$269,444
Sale Type	Investment
Cap Rate	4.94%
No. Units	18
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.27 AC
Building Size	10,207 SF
Average Occupancy	83%
No. Stories	2
Year Built	1906
Parking Ratio	1.76/1,000 SF
Zoning	R3, Denver

UNIT AMENITIES

Heating
Kitchen

Refrigerator

Oven

Tub/Shower

SITE AMENITIES

24 Hour Access
Laundry Facilities

Security System
Tenant Controlled HVAC

Pet Play Area
Walk-Up

Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
1+1	18	-	415 - 630

1 1

Walk Score®

Walker's Paradise (92)

Bike Score®

Biker's Paradise (97)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	5022-22-152	Total Assessment	$278,380 (2024)
Land Assessment	$50,590 (2024)	Annual Taxes	$24,253 ($2.38/SF)
Improvements Assessment	$227,790 (2024)	Tax Year	2025