2071 Milwaukee St, Denver, CO 80210
8 Unit Apartment Building | $1,575,000 ($196,875/Unit) | 5.60% Cap Rate | Denver, CO 80210
For Sale
Active
Asking Price $1,575,000
- Property Type
-
Multifamily
- Square Feet
- 3,840 SF
Listing Contacts
Andrew Vollert
Property Overview
Located in the sought-after University Park neighborhood, 2071 S Milwaukee Street presents a meticulously maintained 1955 apartment building. Nestled across from Observatory Park and just five blocks east of University Blvd, it offers essential multi-family housing in a serene residential area.
Out of its eight units, seven have recently undergone renovations, featuring modernized kitchens, updated bathrooms, luxury flooring, and contemporary light fixtures. On-site amenities include laundry facilities and storage, complemented by eight off-street parking spaces.
The property’s mid-century charm coupled with its refreshed interiors appeals to tenants seeking a blend of character and modern convenience. The investment boasts strong current performance metrics with upside in pushing rents to market rates.
County: Denver
Year Built: 1955
# Buildings: 1
# Stories: 2
Total Units: 8
Gross Building SF: 4,160
Lot Size: 7,500 SF
Construction: Brick
Roof: Box Gable
Parking: 8 Spaces - Lot
Heating: Central Boiler
Water/Sewer: Master
Gas/Electric: Master
Zoning: U-RH-2.5
Out of its eight units, seven have recently undergone renovations, featuring modernized kitchens, updated bathrooms, luxury flooring, and contemporary light fixtures. On-site amenities include laundry facilities and storage, complemented by eight off-street parking spaces.
The property’s mid-century charm coupled with its refreshed interiors appeals to tenants seeking a blend of character and modern convenience. The investment boasts strong current performance metrics with upside in pushing rents to market rates.
County: Denver
Year Built: 1955
# Buildings: 1
# Stories: 2
Total Units: 8
Gross Building SF: 4,160
Lot Size: 7,500 SF
Construction: Brick
Roof: Box Gable
Parking: 8 Spaces - Lot
Heating: Central Boiler
Water/Sewer: Master
Gas/Electric: Master
Zoning: U-RH-2.5
Property Details
- Class
- B
- Year Built/Renovated
- 1955/2020
- Stories
- 2
- Lot Size (sq. ft)
- 7,405 SF
- Units
- 8
Highlights
- Well-performing property in a charming location
- Located on a quiet, residential street providing needed multifamily housing in the neighborhood
- Well-maintained mechanical systems
- Classic 1950s architecture combined with an updated and modern feel
- Centrally located – minutes to I-25, Cherry Creek, DU, and Downtown Denver
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