18-20 W Arkansas Ave | 18 W Arkansas Ave
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18-20 W Arkansas Ave 18 W Arkansas Ave
4 Unit Block of Flats £633,785 (£158,446/Unit) 6.64% Net Initial Yield Denver, CO 80223
Investment Highlights
- Can be purchased with 4 W Arkansas or separately
- Current leases are 5-20% below market comparables
- Centrally located in the heart of Denver and walkable to popular restaurants, bars, shops, and retail
- Recent renovations include new luxury flooring, windows, contemporary lighting, and other high end finishes
- Option to re-deed separately, enabling individual sale of units
Executive Summary
PORTFOLIO EXECUTIVE SUMMARY
The Arkansas Portfolio boasts seven units located in the heart of Denver and just steps away from popular retail on South Broadway. 4 & 18-20 W Arkansas Ave offer a unique unit mix, leaving multiple choices for potential renters. The property’s location presents excellent walk and bike scores and is conveniently located within 15 minutes of Downtown Denver, Cherry Creek, and DTC.
All seven units have seen recent renovations, some with high-end cosmetic finishes, leaving investors an attractive blend of stability and value add potential. There’s also the option to re-deed each unit separately, thereby enabling their individual sale. The triplex and quadplex can be purchased separately or together.
PROPERTY INFORMATION
County: Denver
Year Built: 1915
# Buildings: 1
# Stories: 2
Construction: Brick Masonry
Roof Type: Flat
Gross Building SF: 2,440
Parking: Street + Alley
Heating: Furnaces
Air Conditioning: Wall-AC Units
Gas: Individual | Master
Electric: Individual | Master
HOA
- Has HOA: Yes
- HOA fee: $318 monthly
- Services included: Reserve Fund, Maintenance Grounds, Maintenance Structure, Roof Insurance, Recycling, Trash, Water, Sewer, Snow Removal
- Association name: S Broadway HOA
OTHER FINANCIAL INFORMATION
- Buyer’s Agency fee: 2.5%
The Arkansas Portfolio boasts seven units located in the heart of Denver and just steps away from popular retail on South Broadway. 4 & 18-20 W Arkansas Ave offer a unique unit mix, leaving multiple choices for potential renters. The property’s location presents excellent walk and bike scores and is conveniently located within 15 minutes of Downtown Denver, Cherry Creek, and DTC.
All seven units have seen recent renovations, some with high-end cosmetic finishes, leaving investors an attractive blend of stability and value add potential. There’s also the option to re-deed each unit separately, thereby enabling their individual sale. The triplex and quadplex can be purchased separately or together.
PROPERTY INFORMATION
County: Denver
Year Built: 1915
# Buildings: 1
# Stories: 2
Construction: Brick Masonry
Roof Type: Flat
Gross Building SF: 2,440
Parking: Street + Alley
Heating: Furnaces
Air Conditioning: Wall-AC Units
Gas: Individual | Master
Electric: Individual | Master
HOA
- Has HOA: Yes
- HOA fee: $318 monthly
- Services included: Reserve Fund, Maintenance Grounds, Maintenance Structure, Roof Insurance, Recycling, Trash, Water, Sewer, Snow Removal
- Association name: S Broadway HOA
OTHER FINANCIAL INFORMATION
- Buyer’s Agency fee: 2.5%
Financial Summary (Actual - 2023) 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £633,785 | Property Subtype | Apartment |
| Price Per Unit | £158,446 | Building Class | B |
| Sale Type | Investment | Building Size | 2,440 SF |
| Net Initial Yield | 6.64% | Number of Floors | 2 |
| No. Units | 4 | Year Built/Renovated | 1915/2020 |
| Property Type | Residential |
| Price | £633,785 |
| Price Per Unit | £158,446 |
| Sale Type | Investment |
| Net Initial Yield | 6.64% |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | B |
| Building Size | 2,440 SF |
| Number of Floors | 2 |
| Year Built/Renovated | 1915/2020 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 4 | £1,127 | 610 |
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Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (79)
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18-20 W Arkansas Ave | 18 W Arkansas Ave
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