1721 N High Street, Denver, CO 80218
sale
$1,750,000
|
Multi Family
Courtesy Of Compass
Compass Inc. ( Compass ) and Kenai Capital Advisors ( Kenai ), acting as exclusive advisors for the seller, are pleased to present to acquire the fee simple interest in 1721-1725 N High St, an 8,500 SF mixed-use multifamily and office property in Denver s highly walkable and historic City Park West neighborhood.
1721-1725 N High St (the Property ) presents a rare investment opportunity in a one-of-a-kind asset, with stable in-place income, limited downside and multiple easily achievable value-add strategies for prospective buyers. Originally constructed in 1894 on a 0.20-acre lot, the building has been updated for both commercial and residential use, with approximately $500K in capital improvements since 2022.
Zoned G-RO-3, the property allows for both multifamily and commercial uses. The office portion spans approximately two-thirds of the building and is leased to a therapy services provider through August 2029, currently achieving $8,500/month in rental revenue with 3% annual escalations. One residential unit, a 1,200 SF 2BR/1BA unit, achieves in-place revenue of $2,250/month. On top of the office space and 2BR/1BA unit generating $10,700/month, the remaining 4BR/1.5BA unit is rented at $3750/mo. For investors, the asset offers flexible exit optionality whether by executing a lot split, converting units to pure residential, or repositioning for executive commercial offices all within one of Denver s most desirable urban neighborhoods.
Please Downlaod Offering Memorandum or contact listing broker.
1721-1725 N High St (the Property ) presents a rare investment opportunity in a one-of-a-kind asset, with stable in-place income, limited downside and multiple easily achievable value-add strategies for prospective buyers. Originally constructed in 1894 on a 0.20-acre lot, the building has been updated for both commercial and residential use, with approximately $500K in capital improvements since 2022.
Zoned G-RO-3, the property allows for both multifamily and commercial uses. The office portion spans approximately two-thirds of the building and is leased to a therapy services provider through August 2029, currently achieving $8,500/month in rental revenue with 3% annual escalations. One residential unit, a 1,200 SF 2BR/1BA unit, achieves in-place revenue of $2,250/month. On top of the office space and 2BR/1BA unit generating $10,700/month, the remaining 4BR/1.5BA unit is rented at $3750/mo. For investors, the asset offers flexible exit optionality whether by executing a lot split, converting units to pure residential, or repositioning for executive commercial offices all within one of Denver s most desirable urban neighborhoods.
Please Downlaod Offering Memorandum or contact listing broker.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: New Traditional
- Building Units: 4
- MLSID: 9127989
- Roof Type: Composition
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