1475 Cherry ST, Denver, CO 80220
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1475 Cherry ST, Denver, CO 80220
1475 Cherry ST, Denver, CO 80220
1475 Cherry ST, Denver, CO 80220
1475 Cherry ST, Denver, CO 80220
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1475 Cherry ST Denver, CO 80220

12,339 SqFt


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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,339 sqft

Price per Sqft $275

MLS Listing ID 9343269

HOA Y/N No

Year Built 1946

Annual Tax Amount $21,528

Tax Year 2025

Lot Size 0.324 Acres

Acres 0.32

Property Sub-Type Multi Family

Source recolorado

Property Description

Prime Investment Opportunity With Seller Financing Available: 17-Unit Apartment Complex in Denver with Value-Add
Potential Nestled just steps from Colfax Avenue, Denver's vibrant cultural and commercial corridor, this 17-unit apartment
complex presents an unparalleled opportunity for investors. This property boasts a blend of urban convenience and
untapped potential, making it an ideal choice for those seeking to maximize returns in one of Denver's most dynamic
neighborhoods. Property Highlights: Unit Mix: A built-for property with a versatile mix of 1-bedroom and 2-bedroom
apartments, catering to a broad tenant base. Location: Situated within walking distance to Colfax Avenue, this property
offers easy access to restaurants, breweries, coffee shops, and boutique retail. The proximity to public transportation and
major thoroughfares ensures strong tenant demand. Upside Potential: While currently stabilized with consistent
occupancy, this property offers significant room for upside potential through strategic upgrades. On-Site Amenities:
Includes dedicated parking, a shared courtyard space, and on-site laundry facilities—features that are highly desirable for
tenants in this area. Value-Add Opportunities: Renovation Potential: Cosmetic updates to kitchens, bathrooms, and flooring
could drive up rental income. Energy Efficiency Upgrades: Implementing energy solutions like LED lighting, low-flow
fixtures, and solar panels could lower operating costs. Reconfiguration Options: Certain units offer the potential for
conversion or reconfiguration to maximize rental income. Neighborhood Features: Colfax Avenue is the heartbeat of
Denver, offering entertainment venues, art galleries, and nightlife. This property's location also benefits from proximity to
several parks, schools, and employment hubs, ensuring a steady stream of qualified tenants. The area is experiencing
continued growth, with developments and revitalization efforts enhancing its long-term value

Location

State CO

County Denver

Zoning U-TU-C

Interior

Fireplace N

Exterior

Roof Type Rolled/Hot Mop

Total Parking Spaces 6

Garage No

Building

Lot Description Landscaped, Sprinklers In Front

Sewer Public Sewer

Water Public

Structure Type Brick,Frame

Others

Acceptable Financing Cash, Owner Will Carry

Listing Terms Cash, Owner Will Carry


REColorado (REColorado MLS)
Listed by The Old Country Real Estate Group LLC

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1475 Cherry ST