1445 Detroit Street

Denver, CO 80206

1445 Detroit is a 17-unit apartment building in Denver’s coveted Congress Park neighborhood. The 4-story property features 16 covered parking spaces, which is a rare and valuable amenity in this popular location. The property has been under the same ownership for over twenty years and offers a clear value-add opportunity. The building’s systems are in good working order, including 70-amp electrical service with new GE breaker panels, an upgraded elevator and a new roof installed last summer. The HVAC system has also been upgraded with separate boilers for building heat and domestic hot water. By renovating unit interiors, a new owner maximizes income potential. Similar apartments with full renovations are achieving $1,650/month in the neighborhood. Our analysis proposes a $40,000/unit renovation budget allowing for upgraded kitchens and in-unit laundry.

Listing courtesy of NorthPeak Commercial Advisors, LLC [email protected]



The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO real estate listings held by brokers other than NorthPeak Commercial Advisors, LLC are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.