Saint Clair Place Apartments
42 Unit Apartment Building | $7,750,000 ($184,524/Unit) | 5.70% Cap Rate | Denver, CO 80212
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $7,750,000
- Property Type
-
Multifamily
- Square Feet
- 28,728 SF
Listing Contacts
Robert Lawson
Verified Profile
Luke Salazar
Verified Profile
Jim Knowlton
Verified Profile
Jennifer King
Verified Profile
- Property Info
Property Overview
Saint Clair Place Apartments is a 42-unit apartment building built in 1973 conveniently located in Northwest Denver. The all-brick, exterior walk-up building features thirty-four one-bed/one-bath units, eight two-bed/one-bath units, and an impressive 60 parking spaces onsite. Only three units have been significantly updated; twenty units have stainless steel appliances, and the remaining units have been well maintained over the past few ownership groups. The property features oversized living and dining rooms, large bedrooms, two separate onsite laundry facilities, elevator access, as well as a beautiful central courtyard with picnic tables, grills, and bench seating. The property also includes a large open area on the west portion of the parcel that could be developed with additional units.
Property Details
- Class
- C
- Year Built/Renovated
- 1973/2018
- Stories
- 3
- Lot Size (sq. ft)
- 168,577 SF
- Units
- 42
Highlights
- Profound value-add opportunity via modernizing and updating units for increased returns
- Conveniently located eight blocks to Regis University, and close to some of the top neighborhoods, parks and lakes that Denver has to offer
- Situated on a massive 2.66-acre lot with a large vacant portion on the west side of the parcel for potential future development
- Low-maintenance exterior walk-up construction in great condition with ample parking
- Affordable Denver city living tucked on a quiet cul-de-sac with a rural parklike setting
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