1266 Lafayette St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1266 Lafayette St
8 Unit Block of Flats £1,923,600 (£240,450/Unit) 5.53% Net Initial Yield Denver, CO 80218
Investment Highlights
- Attractive assumable debt at 3.34% interest-only and 7.76% cash-on-cash return
- Very well-maintained, recently updated 5,286 SF building with 8 units - fully custom contemporary renovation inside and out
- 3 garages and additional storage space; gated patio with fire pit and outdoor common areas
- Can be purchased with 1568 Vine Street (6 units) as a portfolio
- New roof with solar technology for energy efficiency; upgraded furnace and hot water heaters
- Prime location in the desirable Cheesman Park area
Executive Summary
Attractive assumable debt at 3.34% interest-only and 7.76% cash-on-cash return. Chic, modernized 8-unit multifamily investment property ideally located in the esteemed Cheesman Park submarket with strong rental income and assumable interest-only debt at 3.43%! The property glows with a fully custom, contemporary renovation inside and out, seamlessly blending old-world charm with modern allure. With a new roof featuring solar technology, 3 garages, storage, and updated furnace and hot water heaters, this 5,286 SF building with 8 units is a true turnkey investment. The addition of onsite laundry, a gated patio with a fire pit, and inviting outdoor common areas enhances its appeal for residents. Zoned G-MU-3, this property embodies the essence of sophisticated urban living, making it an enticing prospect for multifamily investors seeking a unique, updated, strong performing, apartment asset. Can be purchased with 1568 Vine Street (6 units) as a portfolio.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,923,600 | Building Class | C |
| Price Per Unit | £240,450 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 5,286 SF |
| Net Initial Yield | 5.53% | Average Occupancy | 100% |
| No. Units | 8 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1888/2022 |
| Property Subtype | Apartment | Parking Ratio | 0.57/1,000 SF |
| Apartment Style | Low Rise |
| Price | £1,923,600 |
| Price Per Unit | £240,450 |
| Sale Type | Investment |
| Net Initial Yield | 5.53% |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,286 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1888/2022 |
| Parking Ratio | 0.57/1,000 SF |
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Ceiling Fans
- Wooden Floors
- Oven
Site Amenities
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Grill
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 475 |
| 1+1 | 5 | - | 550 |
| 2+1 | 1 | - | 950 |
1 of 1
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 5022-20-005 | Improvements Assessment | £68,496 (2023) |
| Land Assessment | £17,737 (2023) | Total Assessment | £86,233 (2023) |
PROPERTY TAXES
Parcel Number
5022-20-005
Land Assessment
£17,737 (2023)
Improvements Assessment
£68,496 (2023)
Total Assessment
£86,233 (2023)
zoning
| Zoning Code | G-MU-5 |
| G-MU-5 |
Contacts
-
Robert Lawson -
Jim Knowlton -
Jennifer King -
Luke Salazar -
Pinnacle Real Estate Advisors
1 of 76
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1266 Lafayette St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.