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252 Lincoln St 252 Lincoln St 5 Unit Apartment Building $1,300,000 ($260,000/Unit) 5.83% Cap Rate Denver, CO 80203
Investment Highlights
- Fully renovated in 2021, new electric service & wiring inside the units, new water & sewer lines
- 3 off-street parking spaces plus 1 garage/storage unit
- Easy access to downtown and SoBo district restaurants and bars
- French drain installed and main water line replaced in 2019
Executive Summary
The fully renovated 5-unit Victorian is a great opportunity for an owner-occupant, or local investor, looking to add a low-maintenance asset to their portfolio. Located just one block off Broadway, tenants have a large variety of retail and entertainment options within blocks. The “down to the studs” renovation provides every modern convenience with the beautiful character of a Victorian-era building. Tenants have in-unit laundry, modern kitchens, and mini-splits for individually controlled heat/AC.
Property Facts
| Price | $1,300,000 | Building Class | C |
| Price Per Unit | $260,000 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 2,764 SF |
| Cap Rate | 5.83% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1895/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.6/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | G-MU-5, UO-3 | ||
| Price | $1,300,000 |
| Price Per Unit | $260,000 |
| Sale Type | Investment |
| Cap Rate | 5.83% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,764 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1895/2021 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | G-MU-5, UO-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 400 |
| 1+1 | 2 | - | 626 |
| 2+1 | 1 | - | 713 |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (96)
Property Taxes
| Parcel Number | 5101-18-005 | Improvements Assessment | $40,520 |
| Land Assessment | $40,520 | Total Assessment | $57,980 |
Property Taxes
Parcel Number
5101-18-005
Land Assessment
$40,520
Improvements Assessment
$40,520
Total Assessment
$57,980
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252 Lincoln St | 252 Lincoln St
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