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1568 Vine St

6 Unit Block of Flats £1,282,400 (£213,733/Unit) 6.12% Net Initial Yield Denver, CO 80206

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Investment Highlights

Exceptionally well-maintained beautiful, converted mansion with modern updates in excellent condition
Can be purchased with 1266 Lafayette Street (8 units) as a portfolio
Very well-maintained property with strong rental income

A+ rental location in City Park West, walker's and biker's paradise, 90 Walk Score
Six on-site parking spaces, onsite laundry and superior outdoor amenities
Spacious units with ample natural light and modern aesthetics

Executive Summary

This fully custom-renovated 6-unit multifamily property offers modern luxury and enduring quality. Built in 1896 and updated to perfection, the 3,786 SF building features chef's kitchens, new plumbing, windows, A/C, and a furnace, alongside a 200-amp main electric panel and a new water line. Residents enjoy complimentary private storage, washer/dryer access, and six free onsite parking spaces. Outdoor amenities include a pergola with a fire pit, garden boxes for planting, and ample space for relaxation. The roof is in great condition, and new gutters ensure durability. This turnkey property is an ideal choice for income multifamily investors seeking immediate appeal, a coveted rental location and long-term value. Can be purchased with 1266 Lafayette Street (8 units) as a portfolio.

1568 Vine St - Offering Memorandum

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	£93,535	£23.54
Other Income	£6,973	£1.75
Vacancy Loss	£2,806	£0.71
Effective Gross Income	£97,702	£24.59
Taxes	-	-
Operating Expenses	-	-
Total Expenses	£19,180	£4.83
Net Operating Income	£78,522	£19.76

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	£93,535
Annual Per SF	£23.54

Other Income
Annual	£6,973
Annual Per SF	£1.75

Vacancy Loss
Annual	£2,806
Annual Per SF	£0.71

Effective Gross Income
Annual	£97,702
Annual Per SF	£24.59

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	£19,180
Annual Per SF	£4.83

Net Operating Income
Annual	£78,522
Annual Per SF	£19.76

Property Facts

Price	£1,282,400	Apartment Style	Low Rise
Price Per Unit	£213,733	Building Class	C
Sale Type	Investment	Lot Size	0.14 AC
Net Initial Yield	6.12%	Building Size	3,786 SF
No. Units	6	Number of Floors	2
Property Type	Residential	Year Built/Renovated	1896/2022
Property Subtype	Apartment	Parking Ratio	2.11/1,000 SF

Price	£1,282,400
Price Per Unit	£213,733
Sale Type	Investment
Net Initial Yield	6.12%
No. Units	6
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.14 AC
Building Size	3,786 SF
Number of Floors	2
Year Built/Renovated	1896/2022
Parking Ratio	2.11/1,000 SF