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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 13, 2022 | Sold | ||
| Sold | |||
| Aug 12, 2022 | Listed | $1,525,000 | |
| Listed | |||
| Dec 11, 2020 | Sold | ||
| Sold | |||
| Jun 17, 2020 | Listed by HomeSmart | $225,000 | |
| Listed by HomeSmart | |||
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Build your dream home! Empty lot in Historic Curtis Park, near park, shops, bars, light rail, and downtown Denver. Located in one of Denver's most popular neighborhoods, Five Points, this 3,125 SF lot is within walking distance to Mestizo-Curtis Park, the RiNo Art District, Downtown, schools, grocery stores, and so much more. The lot is zoned as U-RH-2.5 and is located in the Curtis Park Historic Overlay. New sewer and sanitary lines and alley improvements. The lot is part of the Denver Housing Authority's redevelopment of Platte Valley Homes.
Interested buyers must review the Curtis Park Lots Request for Proposal (RFP). The RFP outlines the necessary documents and criteria buyers will need to meet in order to qualify for this vacant lot. The RFP and additional information can be found on the website: www.curtisparklots.com. The RFP is open for 30 days only. A selection committee from the Denver Housing Authority will assess all proposals and award contracts to buyers based on the outlined scoring system.
Please be advised the Listing Broker is an employee of Denver Housing Authority.
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About Northeast Denver
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Last Updated: 4 months ago
Data Source: REcolorado MLS, MLS# IRE2688885
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