1331 Franklin Street is an iconic 7-unit apartment building on arguably the nicest city block in Denver just steps away from Cheesman Park. The current owner has meticulously kept this trophy asset in top shape throughout his ownership. With an attractive unit mix of 5 very large 1 Bed / 1 Bath units and 2 smaller studios on the top level, this grand apartment building consists of 4,500± SF of rentable square feet. Although once a mansion, this building was converted to apartments in the mid 1940’s and then re-converted for a nicer layout in the early 1980’s which gives this property a more traditional layout with less of the standard quirks that go along with an older building. With the above average size of these units and the unbeatable location, an owner can expect above average rents with below average tenant turnover. There is room to increase rents in the current condition or go through renovating units with updated kitchens and floors to achieve truly top of the market rents. There is abundant parking with 9 spaces as well as onsite laundry, a working intercom system, individual thermostats, and more highlights as shown on this page.
Courtesy Of NorthPeak Commercial Advisors, LLC
Schools: Elementary School, High School, Middle School
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