475-501 N Garfield Street

Denver, CO 80206
Square Ft.
21,940
$9,500,000
Located in the highly desirable Cherry Creek North neighborhood, this exceptional multifamily property presents a rare investment opportunity to acquire a well-maintained, two-building portfolio in the heart of Denver, Colorado. Offering a total of 34 thoughtfully designed residences, the property consists of 10 two- bedroom, one-bathroom units and 24 two-bedroom,Read MoreRead Less
Market LogoCourtesy of Kentwood Real Estate DTC, LLC [email protected]
Listing Snapshot
Days Online
2
Last Updated
Property Type
Multi-Family
Square Ft.
21,940
Lot Size
0.36 Acres
Year Built
1947
MLS Number
9450288
30 Days Snapshot Of 80206
$1,288k
+7%
(avg) sold price
23
-8%
homes sold
56
-35%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Frontage Type: "Public", Road Responsibility: "Public Maintained Road", Road Surface Type: "Paved"
Building
Building Class: Class B, Building Name: 5th Avenue Apartments, Construction Materials: "Brick", Effective Year Built: 2020, Occupant Type: Tenant (Multiple), Stories: 3, Structure Type: "Low Rise (1-3)", Total Area: 21940, Unit Count: 2, Unit Types: "Array", "Array", Units Furnished Total: 0, Built in 1947, 34 total units
Disclosures
Attribution Contact: [email protected], Exclusions: None
Expenses
Operating Expense Includes: "Accounting", "Insurance", "Maintenance", "Real Estate Tax", "Utilities", Operating Expense: $202,056, Projected Annual Expense: $188,022
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Income
Actual Annual Net Income: 384773.00, Gross Income: $586,829, Projected Annual Net Income: $486,127, Projected Gross Income: $674,150
Lot
Acres: 0.36, Area: 15620, Features: "Corner Lot", Parcel Number: 5121-04-015, Square Feet: 15620
Energy Saving
Green Verification Count: 0
Parking
Parking Total: 5, Carport Spaces: 0, Offstreet Spaces: 5, Reserved Spaces: 0, RV Spaces: 0, Parking Count: 1
Property
Current Use: "Multi-Family", Property Sub Type: Multi-Family, Zoning: G-RH-3
Roof
Roof: "Membrane"
Security Features
Features: "Security Entrance"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 23943, Legal Description: Parcel One The South 1/2 of Lot 10, Block 13, Harmans Subdivision, City and County of Denver, State of Colorado. Parcel Two: The North 75 feet of Lot 6, Block 20, Harmans Subdivision, City and County of Denver, State of Colorado., Tax Year: 2024
Utilities
Power Production Count: 0, Utilities: "Electricity Connected", "Natural Gas Connected", Water Included, Water Source: "Public"
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