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1625 N Clarkson St 9 Unit Apartment Building Offered at $1,500,000 at a 5.20% Cap Rate Denver, CO 80218
INVESTMENT HIGHLIGHTS
- Attractive Seller Financing – 20% down, 5% interest-only for up to 5 years, significantly enhances cash-on-cash returns
- Value-Add Potential – Unlock upside by modernizing unit interiors and increasing rents
- Off-Street Parking – 7 dedicated spaces, a rare amenity in this dense urban setting
- Charming 9-Unit Property – 3 studios and 6 one-bedrooms, ideal mix for long-term rental demand
- Prime Uptown Location – Walkable, central neighborhood with strong tenant appeal
- Well-Maintained Asset – Recently painted exterior and seal-coated roof reduce immediate capital needs
EXECUTIVE SUMMARY
Attractive Seller Financing – 20% down, 5% interest-only for up to 5 years, significantly enhances cash-on-cash returns. First Time Available in 28 Years – Rarely traded, owner-operated asset with long-term pride of ownership.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$119,280
|
$32.33
|
| Other Income |
$3,360
|
$0.91
|
| Vacancy Loss |
$5,964
|
$1.62
|
| Effective Gross Income |
$116,676
|
$31.62
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$38,699
|
$10.49
|
| Net Operating Income |
$77,977
|
$21.13
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $119,280 |
| Annual Per SF | $32.33 |
| Other Income | |
|---|---|
| Annual | $3,360 |
| Annual Per SF | $0.91 |
| Vacancy Loss | |
|---|---|
| Annual | $5,964 |
| Annual Per SF | $1.62 |
| Effective Gross Income | |
|---|---|
| Annual | $116,676 |
| Annual Per SF | $31.62 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $38,699 |
| Annual Per SF | $10.49 |
| Net Operating Income | |
|---|---|
| Annual | $77,977 |
| Annual Per SF | $21.13 |
PROPERTY FACTS
| Price | $1,500,000 | Lot Size | 0.17 AC |
| Price Per Unit | $166,667 | Building Size | 3,690 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 5.20% | Year Built | 1896 |
| No. Units | 9 | Parking Ratio | 1.9/1,000 SF |
| Property Type | Multifamily | ||
| Zoning | G-RO-3 | ||
| Price | $1,500,000 |
| Price Per Unit | $166,667 |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| No. Units | 9 |
| Property Type | Multifamily |
| Lot Size | 0.17 AC |
| Building Size | 3,690 SF |
| No. Stories | 3 |
| Year Built | 1896 |
| Parking Ratio | 1.9/1,000 SF |
| Zoning | G-RO-3 |
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (73)
Bike Score®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 2349-22-016 | Improvements Assessment | $74,690 |
| Land Assessment | $44,700 | Total Assessment | $119,390 |
PROPERTY TAXES
Parcel Number
2349-22-016
Land Assessment
$44,700
Improvements Assessment
$74,690
Total Assessment
$119,390
MAP
ADDITIONAL PHOTOS
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