About 7721 E 14th Ave
Marcus & Millichap is pleased to present 7721 E 14th Ave, a rare six-unit cottage-style multifamily investment opportunity located in the highly desirable East Denver submarket. Situated on a prominent 0.35-acre corner lot, the property consists of six fully renovated side-by-side residences that provide tenants with the privacy and feel of single-family living while offering investors the operational efficiencies of multifamily ownership. Each unit is complemented by a detached garage that is leased separately, creating an additional income stream and enhancing the overall tenant experience. The property is offered at a 7.35% Day One Cap Rate with the ability to increase to a 7.89% Year One Cap Rate, providing investors with immediate cash flow and continued income growth. In addition to its strong in-place operations, the unique side-by-side layout presents an attractive opportunity for a future condominium conversion or long-term redevelopment, offering multiple paths to create value. With its turnkey condition, differentiated product type, and desirable Denver location, 7721 E 14th Ave represents a compelling opportunity to acquire a high-quality asset with durable cash flow and long-term appreciation potential.
Features of 7721 E 14th Ave
| MLS® # | 3395871 |
|---|---|
| Price | $1,100,000 |
| Bedrooms | 6 |
| Bathrooms | 6.00 |
| Square Footage | 3,090 |
| Year Built | 1948 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 7721 E 14th Ave |
|---|---|
| Area | Denver |
| Subdivision | East Colfax |
| City | Denver |
| County | Denver |
| State | CO |
| Zip Code | 80220 |
Amenities
| Parking Spaces | 3 |
|---|---|
| Parking | Detached |
| # of Garages | 3 |
| Garages | Detached |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Radiant |
|---|---|
| Fireplace | No |
| Stories | One |
Exterior
| Lot Description | Level |
|---|---|
| Roof | Other |
| Construction | Other |
School Information
| District | Denver District 1 |
|---|---|
| Elementary | Montclair |
| Middle | Hill |
| High | George Washington |
Additional Information
| Days on Market | 45 |
|---|---|
| Zoning | E-TU-B |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Charles Burkhart |
|---|---|
| Office | Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. |