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8400 E Colfax Ave
Denver, CO 80220

Night Window · Residential Property For Sale · 25 Units

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Investment Highlights

25 Unit Multifamily (Artist Housing)
E-MS-3 Zoning
Redevelopment Potential

Corner Location
Fully Renovated
Opportunity to Convert back to a Motel

Executive Summary

Hoff & Leigh and Capital Property Group have teamed up to bring
you an incredible East Colfax opportunity! This rare opportunity
can continue being operated as highly profitable multifamily,
converted back to a motel, or utilized for its amazing location for a
re-development project. There is endless potential with this unique
property sitting on a highly visible corner of E Colfax. The property is
currently a 25 unit multifamily property utilized for artist housing on
nearly a half acre. Contact us today for more information.

PROPERTY FACTS

Price Per Unit	£88,079	Lot Size	0.42 AC
Sale Type	Investment	Building Size	8,421 SF
No. Units	25	Average Occupancy	100%
Property Type	Residential	Number of Floors	2
Property Subtype	Apartment	Year Built	2020
Apartment Style	Low Rise	Parking Ratio	2.97/1,000 SF
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price Per Unit	£88,079
Sale Type	Investment
No. Units	25
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.42 AC
Building Size	8,421 SF
Average Occupancy	100%
Number of Floors	2
Year Built	2020
Parking Ratio	2.97/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Site Amenities

24 Hour Access
Business Centre
Clubhouse
Courtyard

Fenced Lot
Picnic Area
Property Manager on Site
Laundry Service

Pet Play Area
Planned Social Activities
Bicycle Storage
Community-Wide Wi-Fi

Maintenance on site
Multi Use Room
Public Transportation

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
Studios	25	-	473

PROPERTY TAXES

Parcel Number	6041-05-003	Improvements Assessment	£122,115
Land Assessment	£26,218	Total Assessment	£148,333

PROPERTY TAXES

Parcel Number

6041-05-003

Land Assessment

£26,218

Improvements Assessment

£122,115

Total Assessment

£148,333

zoning

Zoning Code	E-MS-3
E-MS-3

Listing ID: 27687207
Date on Market: 06/02/2023
Last Updated:
Address: 8400 E Colfax Ave, Denver, CO 80220

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