Sold: 1537 N. Washington St. (Cap Hill 4-Unit)

· by · in Commercial Properties Sold, Home. ·

Kyle Malnati with Kentwood Commercial is pleased to announce that the Thomas Logan Apartments, a vintage 4-unit multifamily asset with many updates, sold this week. The property, located near the corner of Colfax/Washington, was built in 1892 and sold for $920,000.

The Seller purchased the property in 2012 for $450,000 and saw the need to create energy-efficient upgrades. During his ownership, the Seller installed new double-paned windows, central air conditioning, solar panels, gas forced-air furnace, and a dedicated mini-split HVAC unit for the attic. This fourplex doubled in value in a dozen years!

Property Photos:

  • Sale Price: $920,000
  • # of Units: 4
  • Garage + Off-Street Parking
  • Lot Size 4,690 SF*
  • Building Size: 2,732 SF*
  • *Reader to confirm all Square Footage. (Source: Denver County Assessor)
  • Rent roll for 1537 N. Washington St.
    • 1. $1,450 (2nd Floor, 3/1 on an old lease: July 2012)
    • 2. $1,400 (Attic, New Tenant, $1,350 +$50 Parking)
    • 3. $1,895 (1st Floor, was manager office until 2018)
    • 4. $1,300 (Garden Level, New Tenant)