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The Britt 844 Ogden St

21 Unit Block of Flats £4,303,475 (£204,927/Unit) 3.80% Net Initial Yield Denver, CO 80218

Investment Highlights

  • Stable Investment but with below Market Rents
  • Well maintained and close to Cheeseman Park
  • Potential Owner Carry

Executive Summary

844 N Ogden St, a prime investment opportunity in the heart of Denver. With an upside in rents and potential owner-carry, this charming 21-unit + building, constructed in 1931, offers impeccable historic appeal and is zoned G-RH-3.
With 100% occupancy, this property presents a strong and stable income stream, although rents may be as much as 30% below market.. One of the few (if any) multi-family properties with UPSIDE!! Its desirable location in the Denver area blocks from Cheeseman Park ensures a strong rental market. Don't miss the chance to acquire this well-maintained, income-generating asset with excellent potential for continued growth and success in the multifamily/low-rise/garden sector.

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 £4,303,475
Price Per Unit £204,927
Sale Type Investment
Net Initial Yield 3.80%
No. Units 21
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.15 AC
Building Size 15,000 SF
Average Occupancy 100%
Number of Floors 3
Year Built 1930
Parking Ratio 0.53/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 5 £782.45 450
1+1 16 £938.94 650
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Biker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5023-13-019
Land Assessment
£15,109
Improvements Assessment
£170,676
Total Assessment
£185,785
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023

zoning

Zoning Code G-RH-3
G-RH-3
  • Listing ID: 31978514

  • Date on Market: 31/05/2024

  • Last Updated:

  • Address: 844 Ogden St, Denver, CO 80218

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