Corona Flats

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Investment Overview

Investment Type: Multifamily
Building Size: 3,570 SF
Address: 1434 N. Corona St, Denver, CO 80218
Units: 80218
Price: $1,275,000
Price/Unit: $255,000
Price/SF: $331
Year Built: 1894
Parking: 2 Garages

Property Features

This is an attractive deal for an owner/operator or passive investor. Extensive capital improvements have made this a low-maintenance building. The property consists of five apartments that each reflect the character and charm of the neighborhood. The two garages are leased to small businesses in the area for a total of $450/mo.

Highlights

  • Ideal Mix of 3 One-Bdrm & 2 Two-Bdrm Units
  • New Roof in 2018
  • New Furnace & AC in 2019
  • Hot Water Heater Replaced in 2020
  • Updated Vinyl Windows
  • Current CAP Rate: 6.1%