2045 Josephine St, Denver, CO 80210
4 Unit Apartment Building | $1,275,000 ($318,750/Unit) | 3.86% Cap Rate | Denver, CO 80210
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,275,000
- Property Type
-
Multifamily
- Square Feet
- 2,917 SF
Listing Contacts
Jack Sherman
Verified Profile
Hunter Schaefer
Verified Profile
- Property Info
Property Overview
2045 S Josephine St. is a classic 1950’s Denver property located in the highly desirable and prestigious neighborhood of DU. The location doesn’t get better being just 1 block off DU campus, and close to popular restaurants, retail, and bars.
The property consists of 4 units with a favorable unit mix for the location of (2) 1bed/1bath, (1) 2bed/1bath, and (1) 3bed/1.5bath units. There is onsite laundry and private patios for tenants to enjoy. Units are separately metered for gas and electric with individual furnaces and hot water heaters. Additionally, the units are in a side-by-side layout which is not only preferred by tenants but also
creates the opportunity to convert these units to condos and sell individually.
The property consists of 4 units with a favorable unit mix for the location of (2) 1bed/1bath, (1) 2bed/1bath, and (1) 3bed/1.5bath units. There is onsite laundry and private patios for tenants to enjoy. Units are separately metered for gas and electric with individual furnaces and hot water heaters. Additionally, the units are in a side-by-side layout which is not only preferred by tenants but also
creates the opportunity to convert these units to condos and sell individually.
Property Details
- Year Built
- 1950
- Stories
- 1
- Lot Size (sq. ft)
- 7,405 SF
- Units
- 4
Highlights
- Side-by-side unit layout
- Immediate upside in rents or condo development play
- Separately metered for both gas and electric
- All plumbing has been replaced to either copper or PEX
- All electrical has been updated
- Newer roof (2017) and updated vinyl windows
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