736 E 18th Ave

Join Our Email List

Investment Overview

Investment Type: Multifamily
Building Size: 5,066 SF
Address: 736 E. 18th Avenue, Denver, CO 80218
Units: 9
Price: $1,450,000
Price/Unit: $161,111
Price/SF: $286
Year Built: 1913
Parking: None

Property Features

The Ruby Lofts is named for the Ruby Pharmacy that originally occupied the property. The storefront has been converted into three attractive offices, while the character and charm of the studio apartments upstairs remain intact. The two largest offices have each signed 3-year lease extensions, and all offices are currently open for business. The large unfinished basement offers numerous opportunities for additional income.

Highlights

  • Ideal Mix of 3 Commercial Spaces and 6 Attractive Vintage Apartments
  • New 3-Year Leases on Largest Commercial Units
  • Zoned: G-RO-5
  • Lot size: 3,300 SF
  • Current CAP Rate: 5.5%
  • Vintage Feel with Updates Throughout
  • New Roof, Vinyl Windows, New Tankless Water Heaters, Updated Plumbing