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3233 Steele Street
Denver, CO 80205
Asking Price
$1.50M
Cap Rate
6.02%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Denver 6-Unit with Large Lot - Big Units - Multiple Upside Options <ul><li>6.02% and up to 8.45% Cap Rate</li><li>Strong rents and room for value add</li><li>5,870 SF Building on Large 16,600 SF Lot</li><li>Unit mix of (5) 2br/1ba and (1) 3br/1ba ranging from 900-1100 SF</li><li>No shared walls - units connect only at corners</li><li>Windows on all sides with abundant natural light</li><li>4 individual garages (income producing) and 6 off-street spaces</li><li>All units individually metered for gas and electric</li><li>Recent improvements include new f
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NOI
$80,000
Cap Rate
5.35%
DSCR
0.90
Underwater
Cash-on-Cash
-1.95%
Monthly Payment
$7,396.444
Annual Cash Flow
$-8,757.332
