2930 West Asbury Avenue Denver, CO
$ 2,695,000
Property Attributes
  • MLS#1504925
  • TypeContingent
  • CountyDENVER
  • CityDenver
  • AreaTropicana Apartments
  • NeighborhoodSouth Denver
  • Zip80219
  • Style
  • Year Built1962
  • Taxes9765
  • Price$ 2,695,000
  • Bedrooms35
  • Full Bathrooms18
  • Half Bathrooms0
  • Sqr Footage14277
  • Lot Size0.45 Acres
Listing Provided Courtesy Of:
Property Description

Great Cash Flow and Cap Rate on this 18 unit, 3-story, outside entrance brick apartment building located on approximately one half acre in Southwest Denver. Located off Federal Blvd and just a block north of Evans, the property is on a bus line and close to shopping. The building has 43 available parking spaces and a large 12x36 storage building on site. The building exterior has been recently painted. The property has separate gas forced-air furnaces and separate gas and electric meters for each unit as well as air conditioners; most furnaces are newer, and tenants pay for their own heat and electric. Laundry room on site; vacancy is historically very low.

Elementary School Middle School High School
Schmitt Elementary School Kepner Middle School Abraham Lincoln High School
Price History
2/9/2018 Listed $2,695,000

General Features

Building Name Tropicana Apartments
Capitalization Rate 7.50
Elementary School Schmitt
High School Abraham Lincoln
Latitude 39.680442
Longitude -105.024018
Middle/Junior School Kepner
Neighborhood South Denver
Other Hvac Gas Water Heater
Parcel Number 5291-05-208
Property Sub Type Income
Property Type Income
School District Denver 1
Seller Type Corporation/Trust
Status Under Contract
Status Conditions None Known
Tax Amount 9765.00
Terms Offered Cash, Conventional
Total Sq Ft 14277
Transaction Type For Sale
Year Built 1962
Zoning S-MX-3

Interior Features

Basement Size None
Beds Total 35
Cooling Air Conditioning-Individual
Flooring Carpet, Laminate
Heating Forced Air
Heating Fuel Gas
Kitchen Appliances Dishwasher, Disposal, Microwave Oven, Refrigerator (Kitchen), Smoke Alarm, Stove/Range/Oven
Laundry Availability Coin-operated
Laundry Location Ground
Total Baths 18.00
Total Units 18

Exterior Features

Business Type Other
Construction Materials Other
Construction Methods Block
Lot Size Acres 0.45
Lot Sq Ft 19475.00
Lot SqFt Range 2000+, 4000+, 6000+, 8000+, 10000+, 12000+, 14000+, 15000+
Parking Count 38
Road Surface Paved Road
Roof Built-Up(Tar & Gravel)
Total Offstreet Spaces 38


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 80219

AVG $360K
AVG $1,408
AVG 43
Year Built
AVG 1953
AVG 54

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