2300 West 39th Avenue Offers 4 Units Close to LoHi and Downtown Denver.

2300 West 39th Avenue is a well-maintained four-unit apartment community in Denver’s popular Sunnyside neighborhood near LoHi’s dining and nightlife scene. Residents enjoy access to many community amenities like on-site laundry as well as nearby shopping, dining, and entertainment options.

Status: Closed

List Price: $1,150,000

Sale Price: $1,164,000

Units: 4 Units

CAP Rate:

Current: 4.94%

Pro Forma: 5.96%

NOI:

Current: $57,463

Pro Forma: $69,394

Unit Mix

1 One-Bedroom/One-Bathroom

3 Two-Bedroom/One-Bathroom

 

Investment Highlights:

  • Amazing Sunnyside Location Just West of Highlands

  • Value-Add Opportunity

  • Desirable Unit Mix: Majority 2-Bedroom/1-Bathroom Units

  • Fully Renovated Unit Interiors

  • Income-Producing 2-Car Garage

  • All New Windows

  • Newer Roof & Furnaces

  • Individually-Metered for Gas & Electric

  • Income-Producing Studio/Office Space with Potential for Unit Conversion

  • On-Site Laundry

Complimentary Asset Valuation

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