1280 Race Street, Denver, CO listed at $875,000
Date: 7/19/23
***Capital Property Group is pleased to announce the sale of 1280 Race Street, Denver, CO listed at $875,000, represented by Scott Whitfield and Paul Hanson.***
Denver, Colorado — This four-unit Victorian property is located in highly desirable Congress Park neighborhood and is only a few blocks away from one of Denver’s premier parks.
The property boasts one studio, two one-bedroom units and a two-bedroom unit.
The property features off-street parking, a fenced front and back yard, and updated units interior in select units. The walkability of this property is unmatched!
Please reach out to the listing agent for the full marketing package.
PROPERTY FACTS
| Price | $875,000 |
| Price Per Unit | $218,750 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,867 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1894/2018 |
| Parking Ratio | 1.05/1,000 SF |
Principal of Sales
Mr. Whitfield, a Colorado Native, has vast experience in commercial sales, as well as real estate development. He began his career in Denver with a real estate investment firm, where he specialized in sophisticated, large-scale transactions involving institutional investors, pension funds, and large-scale private equity firms. Mr. Whitfield was involved in the development of several noteworthy commercial and residential properties throughout the Denver Metro Area.
Investment Advisor
Paul Hanson, an Investment advisor with Capital Property Group, is a Colorado native who specializes in multifamily sales throughout the state. Before joining Capital Property Group, Paul worked as an investment associate at a national real estate investment firm where his primary responsibilities included arranging the sale of numerous multifamily assets throughout the Denver Metro area, assisting in the production of offering memorandums, performing underwriting analysis for all asset classes, and staying up to date with the local and national real estate market. Here at Capital Property Group, his focus remains the same while Paul continues to originate new clients as well as maintain existing relationships.