The Britt 844 Ogden St 22 Unit Block of Flats £4,027,609 (£183,073/Unit) 3.90% Net Initial Yield Denver, CO 80218
INVESTMENT HIGHLIGHTS
- Stable Investment but with below Market Rents
- Well maintained and close to Cheeseman Park
- Roof and Boiler in very good condition
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.
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
|
PROPERTY FACTS
| Price | £4,027,609 |
| Price Per Unit | £183,073 |
| Sale Type | Investment |
| Net Initial Yield | 3.90% |
| No. Units | 22 |
| Property Type | Multifamily |
| 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 | £782.06 | 450 |
| 1+1 | 16 | £938.47 | 650 |
1 of 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 5023-13-019 | Total Assessment | £185,692 (2024) |
| Land Assessment | £15,102 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £170,591 (2024) | Tax Year | 2023 |
ZONING
| Zoning Code | G-RH-3 |
