1475 Cherry Street, Denver, CO 80220

• 12,339 sqft

Property Description

Prime Investment Opportunity With Seller Financing Available: 17-Unit Apartment Complex in Denver with Value-Add Potential Nestled just steps from Colfax Avenue, Denver's vibrant cultural and commercial corridor, this 17-unit apartment complex presents an unparalleled opportunity for investors. This property boasts a blend of urban convenience and untapped potential, making it an ideal choice for those seeking to maximize returns in one of Denver’s most dynamic neighborhoods. Property Highlights: Unit Mix: A built-for property with a versatile mix of 1-bedroom and 2-bedroom apartments, catering to a broad tenant base. Location: Situated within walking distance to Colfax Avenue, this property offers easy access to restaurants, breweries, coffee shops, and boutique retail. The proximity to public transportation and major thoroughfares ensures strong tenant demand. Upside Potential: While currently stabilized with consistent occupancy, this property offers significant room for upside potential through strategic upgrades. On-Site Amenities: Includes dedicated parking, a shared courtyard space, and on-site laundry facilities—features that are highly desirable for tenants in this area. Value-Add Opportunities: Renovation Potential: Cosmetic updates to kitchens, bathrooms, and flooring could drive up rental income. Energy Efficiency Upgrades: Implementing energy solutions like LED lighting, low-flow fixtures, and solar panels could lower operating costs. Reconfiguration Options: Certain units offer the potential for conversion or reconfiguration to maximize rental income. Neighborhood Features: Colfax Avenue is the heartbeat of Denver, offering entertainment venues, art galleries, and nightlife. This property’s location also benefits from proximity to several parks, schools, and employment hubs, ensuring a steady stream of qualified tenants. The area is experiencing continued growth, with developments and revitalization efforts enhancing its long-term value

Listing Status:

Active

Data Last Updated:

July 4, 2026 at 10:20PM

Listing Office:

The Old Country Real Estate Group LLC : 720-939-3600

Listing Agent:

Joseph Prinzi : 720-939-3600

MLS ID:

9343269

Exterior

• Parking: Parking spaces: 6

Construction

• Roofing: Rolled/Hot Mop

Location

• Road/Access: Public
• Originating MLS: recolorado
• County: Denver

Lot

• Zoning: U-TU-CS 63FT OF PLOT 16 & N 1/3 OF PLOT 15 EXC REAR 8FT TO CITYBLK 2 BELLEVUE6062-03-018
• Current Use: Multi-Family

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: recolorado