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1520-1526 Wabash St

14 Unit Apartment Building $2,998,765 CAD ($214,197 CAD/Unit) Denver, CO 80220

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Investment Highlights

New in-place systems including roofs, HVAC, windows, and boilers.
Parking lot with 13 dedicated parking spots, along with ample offstreet parking in front of the property.
Within walking distance to multiple new developments on the east Colfax corridor.

Convenient location with proximity to public transportation, downtown Denver and the Colfax commercial corridor.
Diverse unit-mix of studio, one, two and three-bedroom units.

Executive Summary

Capstone is pleased to present 1520-1526 Wabash St, a fully leased, turn-key multifamily property in Denver's fast-growing East Colfax neighborhood, which is an exceptional investment opportunity. This property offers immediate income generation with minimal future capital expenditure, thanks to extensive renovations. Listed at $2,750,000, it is well-suited for both seasoned investors looking to expand their portfolios and new entrants seeking longterm appreciation and stable cash flow.

Capstone Offering Memorandum_1520-1526 Wabash St_compressed

Financial Summary (Actual - 2023) Click Here to Access	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual	-
Annual Per SF	-

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

Taxes (CAD)
Annual	-
Annual Per SF	-

Operating Expenses (CAD)
Annual	-
Annual Per SF	-

Total Expenses (CAD)
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	$2,998,765 CAD	Lot Size	0.48 AC
Price Per Unit	$214,197 CAD	Building Size	12,000 SF
Sale Type	Investment	Average Occupancy	95%
No. Units	14	No. Stories	2
Property Type	Multifamily	Year Built	1948
Property Subtype	Apartment	Parking Ratio	1.5/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price	$2,998,765 CAD
Price Per Unit	$214,197 CAD
Sale Type	Investment
No. Units	14
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.48 AC
Building Size	12,000 SF
Average Occupancy	95%
No. Stories	2
Year Built	1948
Parking Ratio	1.5/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.