$2,900,000
For Sale

551 S Fairfax Street

Glendale, CO 80246
10620 sqft | 0.16 acres | #6494437
Listing OfficeNorthPeak Commercial Advisors, LLC
Browse 18 photos
Type:Purchase
Structure:2 Family
Zone:Commercial

Description

551 S Fairfax St. is a unique value add opportunity with proven upside in a desirable location. The building is a diverse mix of (2) premium studios, (6) one beds, and (5) two beds. There have been extensive updates to major systems including roof, boiler, electrical, windows, and more (see Page 5). The subject property falls into Arapahoe County, City of Glendale, & highly desirable Cherry Creek School District. Tenants enjoy the recently renovated Glendale Park with pickleball courts directly adjacent to the property as well as nearby shopping and dining in Cherry Creek. This deal has attractive Seller financing available with 71% LTV and 4% interest. In addition, there are a few renovated units that prove a path to value add. For the right investor, this is a great opportunity to buy a well located deal with strong in place cash flow and proven upside potential.

  • Property Details
      • Sewer InformationPublic Sewer
      • Property SubtypeMulti Family
      • Original List Price$2,900,000
      • Property TypePurchase
      • CountyArapahoe
      • MLS #6494437
      • Cost2900000
      • MLS #6494437
      • Taxes Annual$8,930
      • Square Feet10620
      • Acres0.16
      • Year Built1961

Location

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Last Updated: . Source: RECOLORADO

Listing Courtesy
Listing Agent: Jack Sherman (#REC155065332)
Listing Office: NorthPeak Commercial Advisors, LLC (#RECAQYRE)

Yellow Dog GroupReal Estate Group
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The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO©. Real estate listings held by brokers other than REColorado (MTOMLS) - 6 - COname are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

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