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4510 W Saint Clair Place

Denver, 80212

Pending

$7,750,000

Pending

28,728

Sq.Ft.

2.66

Acres

MLS# 5632971

Cumulative Days on Market: 226 (since October 6th, 2023) Data provided by the MLS.

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Property Details

Saint Clair Place Apartments is a 42-unit apartment building built in 1973 conveniently located in Northwest Denver. The all-brick, exterior walk-up building features thirty-four one-bed / one-bath units, eight two-bed / one-bath units, and an impressive 60 parking spaces onsite. Only three units have been significantly updated; twenty units have stainless steel appliances, and the remaining units have been well maintained over the past few ownership groups. The property features oversized living and dining rooms, large bedrooms, two separate onsite laundry facilities, elevator access, as well as a beautiful central courtyard with picnic tables, grills, and bench seating. The property also includes a large open area on the west portion of the parcel that could be developed with additional units. Profound value-add opportunity via modernizing and updating units for increased returns. Conveniently located eight blocks to Regis University, and close to some of the top neighborhoods, parks and lakes that Denver has to offer. Low-maintenance exterior walk-up construction in great condition with ample parking. Situated on a massive 2.66-acre lot with a large vacant portion on the west side of the parcel for potential future development. Affordable Denver city living tucked on a quiet cul-de-sac with a rural park-like setting.

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Property Highlights

Price

$7,750,000

Property Type

Commercial Sale

Property Sub Type

Multi-Family

Year Built

1973

Acres

2.66

Location

County

Adams

Zoning

R-3

Property Details

Price

$7,750,000

Property Sub Type

Multi-Family

Property Type

Commercial Sale

Building

Structure Type

Low Rise (1-3)

Total Area

28,728

Interior Features

Area and Spaces

Number of Units

42

Interior Features

Electic

110V

Building Details

Construction

Year Built

1973

Materials

Construction Materials

Brick, Frame

Roof

Membrane

Terms

Commercial

Cap Rate

5.70

Terms

Contingency

None Known

Special Conditions

None

Special Terms

Cash, Conventional

Taxes

Tax

Tax (Annual)

$46,025

Heating, Cooling & Utilities

Utilities

Sewer

Public Sewer

Utilities

Cable Available, Electricity Available

Water Source

Public

Lot

Acres

2.66

Lot Features

Cul-De-Sac

Lot Size

3

Lot Size Area Sq Ft

115,870

Parking

Total Parking Spaces

60

Listed by Pinnacle Real Estate Advisors, rlawson@pinnaclerea.com, 303-962-9555.

Listing Data last updated 05/18/2024 11:46 AM

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Property History

13 days ago

Property information last updated

226 days ago

Status Active. This is the date the listing was placed on market.

NOTE: Cumulative Days on Market: 226. Data provided by the MLS.

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Listings courtesy of REcolorado as distributed by MLS GRID IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of 05/18/2024 11:46 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

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4510 W Saint Clair Place – MLS#5632971 – $7,750,000

Listed by Pinnacle Real Estate Advisors

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