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Capstone Apartment Partners exciting new offering presents an outstanding multifamily investment opportunity in Denver, CO, priced and appraised at $750,000.
2961 W 91st Place is comprised of 7 studio apartments with full kitchens and baths, situated on a spacious lot with ample off-street parking and a income producing storage shed on the East end of the property.
The property has been fully renovated and stabilized with professional third party management and leased to high caliber working class tenants. The average time to lease units when vacant is less than 1 week due to its location, price point, ample parking, small community feel and superior quality to neighboring apartment complexes.
With stabilized rents achieving $1,078.57 per unit average the property produces $7,550 per month in gross income. Due to the size and layout of the property the expenses average $4,937 per unit per year including a professional management fee. The turnkey condition, attractive cash flow, and favorable financing prospects make this a compelling investment opportunity for commercial real estate investors.