1602 N Franklin ST Denver, CO 80218

1602 Franklin is a stately 7-unit apartment building just one block from Uptown's Restaurant Row. Comprised of 5 units in the main structure and 2 units in the carriage house, this property consist of nearly 6,000 SF of rentable space. With a majority of two and three bedrooms units, a large communal courtyard, and off-street parking, this building is easy to keep full and will command higher than average rents. The current rents are well below market levels: 1-beds average $1,120/month, the 2-beds $1,413/month, and the 3-beds average $1,962/month. The property was redone top to bottom in the 1980's so you'll get old world charm from the outside without the headaches of old world charm on the inside. Long term ownership and tenancies leave room for a new owner to increase rents and maximize cashflow with ease. Push rents in the current condition, or do further upgrades to kitchens and bathrooms to really push returns.