8400 E Colfax Avenue
$2,780,000 (Sale)
8400 East Colfax Avenue, Denver, CO 80220
Property Details
- Property Type: Multifamily, Redevelopment
- Building Size: 8,421 SF
- Lot Size: 0.42 Acres
- Zoning: E-MS-3
Overview
Hoff & Leigh brings you an incredible East Colfax opportunity! This rare opportunity can continue being operated as highly profitable multifamily, converted back to a motel, or utilized for its amazing location for a re-development project with income currently in place. There is endless potential with this unique property sitting on a highly visible corner of E Colfax. The property is currently a 25 unit multifamily property utilized for artist housing on nearly a half acre. Contact us today for more information.
Current NOI = $202,850.61
Proforma NOI = $227,150.61
Current Cap Rate = 7.3%
Proforma Cap Rate = 8.17%
Highlights
- 25 Unit Multifamily (Artist Housing)
- Corner Location
- E-MS-3 Zoning
- Fully Renovated
- Redevelopment Potential
- Can Be Converted Back to a Motel
Location Map
Listing Brokers
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