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636 S Quitman Street
Highest in-place CAP rate in the Denver Multifamily Market... 8.11%! Huge existing cash flow of $109,529 with an incredible opportunity for future development of this 21,000sf site on Morrison Road. The Denver City Council has just approved a $12,200,000 revitalization project for the Morrison Road Corridor which aims to bring in new businesses and restaurants - creating a walk-able "downtown" feel. New construction has already been completed nearby with many more projects under construction and in permitting... a $40,000,000 development is nearing completion just 4 blocks away. Enjoy the highest return on the market while the last "up and coming" neighborhood in Denver improves around you and values rise! See attachments for the Morrison Road Revitalization Plan as well as the rezoning proposal from 3 to 5 stories which has already been adopted by the Denver City Council.
Off Market Date
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Owner Paid Utilities
Cable Available, Double Pane Windows, Eating Space / Kitchen, Updated