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960 N Grant St, Denver, CO 80203951 Logan St, Denver, CO 80203
The Novelist
Asset ClassMultifamily
Overview
Pinnacle Real Estate Advisors is pleased to present the rare opportunity to acquire The Novelist, a premier 69-unit multifamily high-rise at 960 Grant Street, paired with a shovel-ready development site located at 951 Logan Street. This offering combines a stabilized, high-cash flow historic asset with an entitled growth engine in the heart of Denver’s vibrant Capitol Hill.
Investment Highlights
- Significantly Below-Market, Long-Term Assumable Debt: 78% LTV Interest Only Financing, Fixed At 3.59%, With Approximately Four Years Remaining
- Immediate Operational Upside Through Streamlined Management And Expense Efficiencies
- Projected Year 1 Cash-On-Cash Returns Exceeding 9.5%!
- Over $2,300,000 In Recent Capital Improvements
- Turnkey Core Denver Asset: Trophy Property In A Premier Infill Location
- Future Development Potential With SDP Approved For 48 Units At 951 Logan
Photo Gallery
960 N Grant StDenver, CO 80203960 N Grant St, Denver, CO 80203951 Logan St, Denver, CO 80203
Sales Team
Listing provided by LightBox Revere