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1355-1365 Vine St 6 Unit Apartment Building $1,275,000 ($212,500/Unit) 6.10% Cap Rate Denver, CO 80206

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INVESTMENT HIGHLIGHTS

(4) 1br/1ba Units & (2) 1br/1ba Units with a Den
Excellent Central Location in Cheesman Park Neighborhood; Access to Significant Employment in Downtown Denver
Four out of Six Units have a Private, Enclosed Patio/Balcony with Additional Storage

Newer Roofs on Both the Apartments and Garages
Four Garages and One Storage Unit with the Ability to Add Additional Other Income
One Newer Water Heater; Owner-Owned Washer & Dryer Four

EXECUTIVE SUMMARY

The six-unit apartment building at 1355-1365 Vine Street is located in Denver’s highly desirable Cheesman Park neighborhood. The property features a mix of four 1br/1ba
units and two 1br/1ba units with a den. Owned and self-managed since 2003, the current owner has meticulously maintained the property for over two decades. Recent
upgrades include newer roofs on both the apartments and the four garages, a new water heater, and owner-owned washer and dryer. This well-kept property presents a prime investment opportunity with significant upside potential.

1355-1365_Vine_Street_Graham_KnowltonLawson

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$110,160	$25.39
Other Income	$648	$0.15
Vacancy Loss	$5,508	$1.27
Effective Gross Income	$105,300	$24.27
Taxes	$8,730	$2.01
Operating Expenses	$18,849	$4.35
Total Expenses	$27,579	$6.36
Net Operating Income	$77,721	$17.92

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	$110,160
Annual Per SF	$25.39

Other Income
Annual	$648
Annual Per SF	$0.15

Vacancy Loss
Annual	$5,508
Annual Per SF	$1.27

Effective Gross Income
Annual	$105,300
Annual Per SF	$24.27

Taxes
Annual	$8,730
Annual Per SF	$2.01

Operating Expenses
Annual	$18,849
Annual Per SF	$4.35

Total Expenses
Annual	$27,579
Annual Per SF	$6.36

Net Operating Income
Annual	$77,721
Annual Per SF	$17.92

PROPERTY FACTS

Price	$1,275,000	Apartment Style	Low-Rise
Price Per Unit	$212,500	Building Class	C
Sale Type	Investment	Lot Size	0.14 AC
Cap Rate	6.10%	Building Size	4,338 SF
No. Units	6	No. Stories	2
Property Type	Multifamily	Year Built	1901
Property Subtype	Apartment	Parking Ratio	0.92/1,000 SF
Zoning	R3, Denver

Price	$1,275,000
Price Per Unit	$212,500
Sale Type	Investment
Cap Rate	6.10%
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.14 AC
Building Size	4,338 SF
No. Stories	2
Year Built	1901
Parking Ratio	0.92/1,000 SF
Zoning	R3, Denver