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11296960
11296954

7250 Newton St, Westminster, CO 80030

JL
CO CO EA100069513
LREI
JL
CO ER1043285, CO ER.100081495
LREI
Listed by LREI
$5,500,000
120 days on market
Updated 23 days ago
Opportunity zone

Westminster Court Apartments

Details
APN 1719-31-4-17-003; 1719-31-4-17-025
Property Type Multifamily
Sub Type Apartment Building
Square Footage 23,364
Net Rentable (SqFt) 22,500
Units 33
Occupancy 60%
Price per SqFt $235
Broker Co-Op Yes
Class C
Year Built 1961
Buildings 3
Stories 2
Lot Size (SqFt) 43,124
Zoning Westminster
Parking Spaces 29 spaces
Parking Per SqFt 1.24
Investment Type Value Add
Occupancy Date 01/01/2026
Ground Lease No
Ownership Sole

Excellent Location ~ Historic Westminster Art District on 73rd Ave

Marketing description

Great opportunity to own a classic 33-unit garden-style apartment community nestled in a great area part of Westminster, Colorado. This prime property, located a short distance from both Downtown Denver (10 miles) and Boulder (19 miles), offers unparalleled convenience with easy access to major transportation routes such as US-36 and I-25. The Northwest commuter rail "B-line" station is less than a mile away, providing even more accessibility for residents.

Originally constructed in 1961, the apartment community boasts three well-designed, exterior access apartment buildings situated in a picturesque courtyard setting. These buildings exhibit a rustic charm reminiscent of rural living. With a unit mix of 18 two-bedroom homes, approximately 700 square feet in size, and 15 one-bedroom homes, approximately 600 square feet in size, residents enjoy comfortable living spaces tailored to their needs. The total gross square footage of all three buildings is approximately 23,400 square feet, while the expansive lot spans an impressive 43,124 square feet and offers breathtaking views of the magnificent Rocky Mountain Front Range.

The property's solid brick construction, pitched asphalt shingle roofs, and exterior unit access contribute to its low maintenance requirements, making it an attractive investment opportunity. Each building is heated by a central, gas-fired hot water boiler system, ensuring efficient and reliable heating throughout. Furthermore, all units are separately metered with 70 Amp electrical service, providing convenience and flexibility for residents. Additionally, each building features two separate domestic hot water heaters, enhancing utility cost efficiency for the property.

Parking is a breeze with 29 off-street parking spaces available, supplemented by additional parking along the west and north sides of the buildings. Residents also benefit from separate common laundry areas in each building, equipped with two washers and two dryers, as well as additional storage spaces for their convenience. For ultimate comfort, all top-floor units feature electric "wall style" air-conditioner units, ensuring a pleasant living environment during warm weather. The meticulously maintained grounds resemble a serene park, with mature landscaping and an automatic sprinkler system for effortless irrigation.

Don't miss this exceptional opportunity to acquire a well-maintained apartment community in a highly sought-after location. The 7250 Newton Apartments offer a desirable blend of convenience, comfort, and investment potential.

Investment highlights

LOCATED ON WESTMINSTER’S HISTORIC ART DISTRICT

LOW-MAINTENANCE EXTERIOR WALKUP CONSTRUCTION

NEWER PITCHED ROOFS

OFF-STREET PARKING

KITCHEN AND BATH UPDATES, select units

MANY NEWER APPLIANCES

EATING SPACE IN KITCHEN

NEWER CARPETING, VINYL FLOORING, select units

AIR-CONDITIONING 2ND FLOOR UNITS

AMPLY CLOSETS, ADDITIONAL STORAGE

MOUNTAIN VIEWS

ONSITE LAUNDRY FACILITIES

Listing Contacts

JL
CO CO EA100069513
LREI
JL
CO ER1043285, CO ER.100081495
LREI
Listed by LREI

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Additional Information

Name
Joey Laratta
License
CO EA100069513
Brokerage
LREI
Brokerage Phone
7207248463
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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