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The Elmira Apartments 2846 Federal Blvd 25 Unit Apartment Building $4,000,000 ($160,000/Unit) 6.25% Cap Rate Denver, CO 80211

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INVESTMENT HIGHLIGHTS

Beautifully Renovated, Turn-Key Asset Including New: Electrical, Plumbing, HVAC, Kitchens, Bathrooms, Windows, Interior Hallways, Paint & Landscaping
Excellent Neighborhood Demographics: $124,672 Average Household Income within a Two Mile Radius
Walk Score: 92 - Short Distance Public Transportation, Parks, Shopping, Restaurants & Entertainment

Superb Location in the Highlands Directly Across from Viking Park
Rental Upside: Proforma Rents Already Being Achieved or Surpassed in 60% of the Units
One Mile to Downtown Denver

EXECUTIVE SUMMARY

JUST LISTED! Renovated 25-Unit Apt Bldg in Highlands; Just $160k/Unit!

2846 Federal Blvd - OM (EMAIL)

FINANCIAL SUMMARY (ACTUAL - 2025)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$334,740	$32.97
Other Income	$43,652	$4.30
Vacancy Loss	$18,920	$1.86
Effective Gross Income	$359,472	$35.41
Taxes	$27,983	$2.76
Operating Expenses	$98,110	$9.66
Total Expenses	$126,093	$12.42
Net Operating Income	$233,379	$22.99

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income
Annual	$334,740
Annual Per SF	$32.97

Other Income
Annual	$43,652
Annual Per SF	$4.30

Vacancy Loss
Annual	$18,920
Annual Per SF	$1.86

Effective Gross Income
Annual	$359,472
Annual Per SF	$35.41

Taxes
Annual	$27,983
Annual Per SF	$2.76

Operating Expenses
Annual	$98,110
Annual Per SF	$9.66

Total Expenses
Annual	$126,093
Annual Per SF	$12.42

Net Operating Income
Annual	$233,379
Annual Per SF	$22.99

PROPERTY FACTS

Price	$4,000,000	Apartment Style	Low-Rise
Price Per Unit	$160,000	Building Class	C
Sale Type	Investment	Lot Size	0.20 AC
Cap Rate	6.25%	Building Size	10,152 SF
No. Units	25	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1924/2022
Property Subtype	Apartment
Zoning	G-MU-5

Price	$4,000,000
Price Per Unit	$160,000
Sale Type	Investment
Cap Rate	6.25%
No. Units	25
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.20 AC
Building Size	10,152 SF
No. Stories	2
Year Built/Renovated	1924/2022
Zoning	G-MU-5

UNIT AMENITIES

Cable Ready
Fireplace

Heating
Kitchen

Refrigerator

Tub/Shower

SITE AMENITIES

24 Hour Access

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
Studios	25	$1,156	350

1 1

Walk Score®

Walker's Paradise (92)

Bike Score®

Very Bikeable (80)

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	2294-20-001	Total Assessment	$340,860 (2024)
Land Assessment	$41,750 (2024)	Annual Taxes	$27,983 ($2.76/SF)
Improvements Assessment	$299,110 (2024)	Tax Year	2025