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Jennifer Berg

jennifermberg@icloud.com +1(720) 272-1171

$950,000

Est. payment - /mo

4 Beds

4 Baths

1,981 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,981 sqft

Price per Sqft $479

Subdivision Washington Park West

MLS Listing ID 6883828

Bedrooms 4

HOA Y/N No

Year Built 1900

Property Sub-Type Quadruplex

Property Description

Rare West Wash Park fourplex priced below recent comps. 768 S Lincoln St offers four renovated units in one of Denver's most sought-after rental neighborhoods, at $237,500 per unit against a recent comparable-sale average of more than $340,000 per unit.

The building has a history of staying full, with strong, consistent rental demand. The unit mix is two 2-bed/1-bath units and two 1-bed/1-bath units. The units were renovated with updated kitchens and baths, so a new owner has minimal near-term capital needs. Current rents produce a 5.50% cap rate at list price, with upside to a 6.04% pro forma as rents move to market.

Location drives the demand. The property is just a short walk from the I-25 & Broadway light rail station, one of Denver's busiest transit hubs, and close to Washington Park, the South Broadway shops and restaurants, and quick routes to Downtown and I-25. Residents also have off-street parking, on-site laundry, basement storage and a fenced shared patio.

A turnkey, fully leased asset with in-place income and room to grow, well suited to a 1031 exchange or a first step into small multifamily. Offering memorandum, rent roll and financials available upon request. Please do not disturb tenants. All showings by appointment with listing broker only.

Location

State CO

County Denver

Zoning U-TU-B2

Rooms

Basement Partial

Interior

Heating Radiant

Cooling Air Conditioning-Room

Exterior

Roof Type Composition

Private Pool No

Building

Lot Description Level

Story Two

Sewer Community

Schools

School District Elementary: Denver 1, Middle/Junior: Denver 1, High: Denver 1

Others

Senior Community No

Tax ID 5156-07-016

Special Listing Condition None Known

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Listed byBrockman Group LLC

Schools and Properties Nearby

I'm Jennifer Berg, a Colorado Real Estate Broker with over 18 years guiding buyers in the Denver Metro area. Whether you are a first-time home buyer or seasoned investor, I'll dedicate myself to building a working relationship to make the process smooth and enjoyable.

I am Vice Chair at South Metro Denver REALTOR Association Young Professionals Network. Staying involved with other professionals in the industry allows me to keep current on market trends and connect you with my network of sellers.

+1(720) 272-1171

jennifermberg@icloud.com

Learn more about this property

768 S Lincoln ST Denver, CO 80209