The Bluette
17 Unit Apartment Building | $3,950,000 ($232,353/Unit) | 4.96% Cap Rate | Denver, CO 80206
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,950,000
- Property Type
-
Multifamily
- Square Feet
- 14,544 SF
Listing Contacts
Conner Piretti
Verified Profile
Greg Johnson
Verified Profile
- Property Info
Property Overview
The BlueEtt Apartments is a classic 1930s building in Denver’s coveted Cheesman Park neighborhood. The property offers 17 spacious one-bedroom units, plus five garages behind the landscaped courtyard. Vintage character is evident in the architecture, masonry and interior features.
Two local families have owned the property together since the 1960s. Recent capital improvements include a roof replacement (2006) and new boiler (2019). There are opportunities for a value-add investor to dramatically raise rents at the property. The BlueEtt is located just two blocks from the Denver Botanic Gardens, the 12th Avenue retail shops, and Cheesman Park.
Two local families have owned the property together since the 1960s. Recent capital improvements include a roof replacement (2006) and new boiler (2019). There are opportunities for a value-add investor to dramatically raise rents at the property. The BlueEtt is located just two blocks from the Denver Botanic Gardens, the 12th Avenue retail shops, and Cheesman Park.
Property Details
- Class
- C
- Year Built
- 1930
- Stories
- 2
- Lot Size (sq. ft)
- 12,632 SF
- Units
- 17
Highlights
- Classic Property Full of Vintage Charm
- Available for First Time in 60 Years
- Immediate Rental Upside
- Beautiful Curb Appeal with Private Courtyard
- Attractive Cheesman Park Neighborhood offers Dining, Shops and Recreation
Nearby Properties
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