39.718147 -104.97594
59 N Ogden Street Denver CO 80218 271095858 39.718147 -104.97594 60105 /listing/271095858-151082055/59-n-ogden-street-denver-co-80218 False 0 4999000.0 12829 101 100 3642302 False 1957 0.29 0.29

59 N Ogden Street

Denver, CO 80218 MLS# 3642302

Active 05/29/20

271095858 False False 39.718147 -104.97594 60105 /listing/271095858-151082055/59-n-ogden-street-denver-co-80218 False 0 4999000.0 12829 101 3642302 False 47187416 0
$4,999,000
MLS# 3642302
Active 05/29/20
  1. Listed on 05/29/20
  • 12,829 Square Feet Sq.Ft
  • 0.29 Acres
  • 1957 Year Built Yr. Built
59 N Ogden Street Denver, CO 80218 MLS# 3642302
Active 05/29/20
271095858 39.718147 -104.97594 60105 /listing/271095858-151082055/59-n-ogden-street-denver-co-80218 False 0 4999000.0 12829 101 3642302 False
$4,999,000
  • 12,829 Square Feet
  • 0.29 Acres
  • 1957 Year Built
  1. Listed on 05/29/20
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Description

Portfolio Sale - Rare Opportunity to Own TWO Adjacent Buildings Sublime Apartments (59 Ogden St) and Patina Apartments (65 Ogden St). Each Building is Comprised of 11 1Br/1Ba Units for a total of 22-Units in this Portfolio Sale. Stylish Renovations in Turn-Key Condition in an Amazing Central Denver Location. Economic Alternative to New Class A Buildings. Stainless Appliances w/ Dishwashers & Microwaves throughout the Units. Kitchen Renovations Include Granite Counters and Espresso Wood Cabinets. Off-Street Parking for 10 Vehicles for additional Rental Income. Beautiful Setting in West Wash Park Neighborhood - Appealing for Active Healthy Lifestyles. One Block from the Cherry Creek Trail, Minutes from Cherry Creek and Downtown. Walking Distance to Washington Park and Convenient to Everything! Financials based on income/expenses of both buildings as a portfolio. Please see listing brochure in supplements for detailed financial information, rent roll, and floor-plan of units.

Courtesy Of Calibrate Real Estate LLC
Listing Information
  • Property Type: Commercial Sale
  • Property Subtype: Multi-Family
  • Structure Type: Low Rise (1-3)
  • PSF Total: 389.66
  • Price Per Acre: 17237931.03
  • Year Built: 1957
  • Year Built Effective: 2018
  • Construction Materials: Brick
  • Possession: Closing/DOD
  • Current Use: Multi-Family
  • Building Class: Class B
  • Stories: 3
Interior Features
  • Exclusions: Tenants` personal belongings.
  • Number of Units: 22
  • Number Of Units Furnished: 0
  • Unit Count: 1
  • Occupant Type: Tenant (Multiple)
Parking/Garage
  • Off-Street
  • Parking Spaces Number Of: 10
  • Parking Type: Off-Street
  • Parking Total: 10
  • Total Offstreet Spaces: 10
Community/Neighborhood Information
  • Walk Score: 79
HOA
  • 2nd HOA Fee (Annual Total): 0.00
  • 3rd HOA Fee (Annual Total): 0.00
  • Master HOA Fee (Annual Total): 0.00
  • Total Annual HOA Fees: 0.00
Financial Considerations
  • Cap Rate: 5.00
  • Gross Income: 367805.00
  • Legal Description: Lots 39 and 40, Block 2,RILEY`S SUBDIVISION OF LOT TWO (2) OF SHACKELTON PLACE,City and County of Denver,State of Colorado.
  • Operating Expense: 248477.00
  • Projected Annual Expense: 282785.00
  • Projected Gross Income: 386301.00
  • Tax Amount: 12105.00
  • Tax ID: 5114-03-024
  • Tax Year: 2019
  • Operating Expense Includes: Insurance, Internet, Maintenance, Real Estate Tax, Utilities
  • Owner Pays Utilities: Taxes
  • Tenant Pays: Internet
  • Water Included YN: Y
Utilities & Green Home Features
  • Water Source: Public
Exterior & Lot Features
  • Zoning: G-MU-5
  • Access: Public Road
  • Lot Features: Near Public Transit
  • Road Surface: Paved
Schools Near 59 N Ogden Street Denver, CO
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