SOLD: 342 S. Lincoln Street (3 units)

Calibrate Real Estate announces that Greg Johnson has successfully facilitated the sale of a 3-unit apartment building located at 342 S. Lincoln Street in Denver, Colorado. This updated triplex in the heart of West Washington Park is an ideal location with easy access to the Lightrail, close proximity to restaurants, and grocery stores.

With the help of Calibrate Real Estate, the Seller was able to to sell the property for a 44% increase in value ($265,000) in under four years. 

See below for more details on this sale;

Marketing Brochure

Denver Neighborhood: West Washington Park
Address: 342 S. Lincoln Street Denver, CO. 80209
Sale Date: January 8, 2018
Sale Price: $605,000
Price/Unit: $201,666
Price/SF: $274.25
# of Units: 3
Building Size: 2,206* SF
Lot Size: 4,100* SF
Year Built: 1919
Zoning: U-TU-B2
*Buyer to verify accuracy of square footage. Square footage data was obtained from Denver County Assessor’s website.*

UNIT BY UNIT RENT ROLL:
1: 2Br/1Ba $1,760/Month
2: 1Br/1Ba $1,045/Month

3: 1Br/1Ba $950/Month


PROPERTY HIGHLIGHTS:
–  Ideal location in the West Washington Park neighborhood
– 21,077 SF Lot – Development Potential
– 16.8% Cash-on-Cash Return
– Individual Heat and A/C
– Well Maintained Building with Updated Apartment Finishes

 

Calibrate Real Estate (303) 482-2828
900 E. Louisiana Ave. #203, Denver, CO 80210
http://www.CalibrateRE.com
http://www.DenverApartmentBuildingsForSale.com

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