Portfolio of 2 Properties – Portfolio of 2 Properties
Denver, Colorado
Located in the heart of Congress Park, this exciting opportunity offers two of the highest quality apartment buildings in an area centrally…
PROPERTY FACTS
Price $18,500,000
Price / SF $390.72 / SF
Cap Rate 5.65%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 47,349 SF
Total Land Area 0.67 AC
PROPERTIES
PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT PRICE
Black Swan
1380 Steele St, Denver, CO Multifamily 33,492 1963 N/A
White Swan
1300 Adams St, Denver, CO Multifamily 13,857 1960 N/A
TAXES & OPERATING EXPENSES (PRO FORMA – 2020) ANNUAL
Gross Rental Income $1,257,840
Other Income $118,116
Vacancy Loss $62,892
Effective Gross Income $1,313,064
Taxes $59,584
Operating Expenses $207,382
Total Expenses $266,966
Net Operating Income $1,046,098