About 636 S Quitman St
Marcus & Millichap is pleased to present the exclusive listing for 636 S Quitman St, a 14-unit multifamily property located in the heart of West Denver. This attractive, cottage-style asset offers investors a rare opportunity to acquire a high-yielding property with strong in-place cash flow and additional upside through continued rent growth. The property is offered at $1,750,000, representing a 6.41% cap rate with the ability to achieve a 6.67% Year 1 cap rate. Investors will benefit from an 7.93% cash-on-cash return and a low basis of approximately $125,000 per unit, well below replacement cost.
Features of 636 S Quitman St
| MLS® # | 7578249 |
|---|---|
| Price | $1,610,000 |
| Bedrooms | 7 |
| Bathrooms | 14.00 |
| Square Footage | 4,060 |
| Year Built | 1952 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 636 S Quitman St |
|---|---|
| Area | Denver |
| Subdivision | Belmont Park Annex |
| City | Denver |
| County | Denver |
| State | CO |
| Zip Code | 80219 |
Amenities
| Parking Spaces | 29 |
|---|---|
| Parking | Off Street |
| # of Garages | 29 |
| Garages | Off Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard |
|---|---|
| Fireplace | No |
| Stories | One |
Exterior
| Lot Description | Level |
|---|---|
| Roof | Other |
| Construction | Other |
School Information
| District | Denver District 1 |
|---|---|
| Elementary | Castro |
| Middle | Kepner |
| High | Abraham Lincoln |
Additional Information
| Days on Market | 28 |
|---|---|
| Zoning | E-MX-3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Charles Burkhart |
|---|---|
| Office | Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. |