660 Washington St
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660 Washington St
7 Unit Block of Flats £1,173,675 (£167,668/Unit) 5.28% Net Initial Yield Denver, CO 80203
Investment Highlights
- Exceptionally well-maintained beautiful, converted mansion with modern updates in excellent condition
- 11,250 SF lot with mature landscaping and potential to build additional units
- Professionally managed property with a great mix of well-laid-out studios and 1-bed units
- A+ rental location in Central Denver, walker's and biker's paradise with 93 Walk Score
- 2-car garage with 7 onsite parking spaces, common laundry and private patio/courtyard for tenants
Executive Summary
Easy turn-key deal, ideal for 1031 buyers or passive investors looking for a minimal-effort asset that has easy upside.660 Washington is an extremely well-maintained, controlled access, 7-unit multifamily investment property, ideally situated in the sought-after Capitol Hill neighborhood of Central Denver. The beautiful vintage building sits at a large 11,250 SF lot, with ample on-site parking and a two-car garage that provides additional income, mature landscaping, common laundry and a fenced courtyard/backyard is available for residents. All units and common areas have been updated; most units have hardwood floors and lots of natural light. A newer boiler, newer roof, newer sewer line, and refurbished windows offer a truly turn key and easy cash flow opportunity with rent easy mark-to-market rent potential. The prime location provides convenient access to the vibrant Central Denver market, presenting a lucrative investment prospect.
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| 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 | £1,173,675 | Building Class | C |
| Price Per Unit | £167,668 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 4,716 SF |
| Net Initial Yield | 5.28% | Average Occupancy | 100% |
| No. Units | 7 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1912 |
| Property Subtype | Apartment | Parking Ratio | 1.48/1,000 SF |
| Apartment Style | Low Rise |
| Price | £1,173,675 |
| Price Per Unit | £167,668 |
| Sale Type | Investment |
| Net Initial Yield | 5.28% |
| No. Units | 7 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 4,716 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1912 |
| Parking Ratio | 1.48/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 550 |
| 1+1 | 3 | - | 700 |
1 of 1
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 5039-13-003 | Improvements Assessment | £57,549 |
| Land Assessment | £25,664 | Total Assessment | £83,214 |
PROPERTY TAXES
Parcel Number
5039-13-003
Land Assessment
£25,664
Improvements Assessment
£57,549
Total Assessment
£83,214
zoning
| Zoning Code | R3 |
| R3 |
Contacts
-
Robert Lawson -
Luke Salazar -
Adam Rakoczy -
Jennifer King -
Pinnacle Real Estate Advisors
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660 Washington St
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