Address
1475 Cherry Street, Denver, CO
Price
$ 3,100,000
Property Attributes
- MLS#9343269
- TypeCommercial
- Listing Status Active
- CountyDENVER
- CityDenver
- Zip80220
- StyleLow Rise (1-3)
- Year Built1946
- Taxes$ 21528
- Price$ 3,100,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage12339
- Lot Size0.32 Acres
Data Source:
REColorado (MTOMLS)
Property Description
Prime Investment Opportunity With Seller Financing Available: 17-Unit Apartment Complex in Denver with Value-Add Potential Nestled just steps from Colfax Avenue, Denver's vibrant cultural and commercial corridor, this 17-unit apartment complex presents an unparalleled opportunity for investors. This property boasts a blend of urban convenience and untapped potential, making it an ideal choice for those seeking to maximize returns in one of Denver’s most dynamic neighborhoods. Property Highlights: Unit Mix: A built-for property with a versatile mix of 1-bedroom and 2-bedroom apartments, catering to a broad tenant base. Location: Situated within walking distance to Colfax Avenue, this property offers easy access to restaurants, breweries, coffee shops, and boutique retail. The proximity to public transportation and major thoroughfares ensures strong tenant demand. Upside Potential: While currently stabilized with consistent occupancy, this property offers significant room for upside potential through strategic upgrades. On-Site Amenities: Includes dedicated parking, a shared courtyard space, and on-site laundry facilities—features that are highly desirable for tenants in this area. Value-Add Opportunities: Renovation Potential: Cosmetic updates to kitchens, bathrooms, and flooring could drive up rental income. Energy Efficiency Upgrades: Implementing energy solutions like LED lighting, low-flow fixtures, and solar panels could lower operating costs. Reconfiguration Options: Certain units offer the potential for conversion or reconfiguration to maximize rental income. Neighborhood Features: Colfax Avenue is the heartbeat of Denver, offering entertainment venues, art galleries, and nightlife. This property’s location also benefits from proximity to several parks, schools, and employment hubs, ensuring a steady stream of qualified tenants. The area is experiencing continued growth, with developments and revitalization efforts enhancing its long-term value
| Price History | |
|---|---|
| 7/2/2026 | Listed $3,400,000 |
| 7/24/2026 | 9$3,100,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Possession | Closing/DOD |
| Roof | Rolled/Hot Mop |
| Zoning | U-TU-C |
| Construction Materials | Brick,Frame |
| Year Built | 1946 |
| Tenant Pays | Cable TV,Internet,Telephone |
| Stories Count | 2 |
| Property Subtype | Multi Family |
| Tax Year | 2025 |
| Current Use | Multi-Family |
| OwnerPays | Electricity,Trash Collection,Water |
| Building Name | Cherry Manor Apartments |
| County | Denver |
| Property Type | Commercial Sale |
| Attached Garage | No |
| Building Features | Coin Laundry |
| Status | Active |
| City | Denver |
| Number Of Units Total | 17 |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 14100 |
| Listing Terms | Cash,Owner Will Carry |
| Tax Annual Amount | 21528 |
| Structure Type | Low Rise (1-3) |
| Standard Status | Active |
| Cap Rate | 5.74 |
Exterior Features
| Lot Features | Landscaped,Sprinklers In Front |
|---|---|
| Water Source | Public |
| Total Parking | 6 |
| Lot Size Area | 14100 |
| Building Area Total | 12339 |
| Lot Size Acres | 0.32 |
| Road Surface Type | Paved |
| Road Frontage Type | Public |
| Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 80220
Price
Taxes
Year Built
Visits
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