1409 Gilpin Street is a 5-Unit Historical Mansion in Denver’s Cheesman Park Neighborhood.
Built in 1902, the property offers one studio unit, two one-bedroom floorplans, and two rare two-bedroom/two-bathroom units. Building amenities include off-street parking, on-site laundry, and a communal yard and grill area.
1409 Gilpin Street is located in Denver’s popular Cheesman Park neighborhood and offers residents easy access to outdoor spaces and neighborhood restaurants, bars, and entertainment value. Set just a block South of Colfax, residents have easy access to downtown Denver while still enjoying the slower pace of an established historical neighborhood.
The investment appeal of this apartment community is driven by strong employment fundamentals and Denver’s rapidly expanding rental demand.
Please do not contact the on-site management without prior approval. All tours must be coordinated through the listing team.
Status: Just Closed
Sale Price: $1,250,000
Units: 5
CAP Rate:
Current: 5.01%
Pro Forma: 6.38%
NOI:
Current: $62,590
Pro Forma: $79,797
Unit Mix
1 Studios
2 One-Bedroom/One-Bathroom
2 Two-Bedroom/Two-Bathroom
Investment Highlights:
Blocks from Cheesman Park and Colfax Retail
Value-Add Opportunity
Rare 2 Bedroom/2 Bathroom Floorplans
Two Off-Street Parking Spaces
On-Site Laundry
Shared Yard with Deck and Grill Area
Extremely Large Floorplans
Complimentary Asset Valuation
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