Listed by Pinnacle Real Estate Advisors
$1,800,000
Sunland Villas
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,650
Units 9
Cap Rate 6.33%
NOI $113,991
Pro-Forma Cap Rate 6.43%
Pro-Forma NOI $115,805
Price per SqFt $187
Year Built 1974
Buildings 1
Stories 2
Acreage 0.420
Parking Spaces 14 spaces
Parking Per SqFt 1.45
PRICE REDUCED! 9 Units in Denver | Great Unit Mix - Mostly 2 Bed Units!
Marketing description
PRICE REDUCED! 9-unit multifamily property in Denver with a mix of townhomes and apartments. The asset is well maintained and located in a quiet, primarily residential area.
Investment highlights
Priced Below Replacement Cost: $186/SF
Excellent Unit Mix: (1) 1Bd/1Ba; (2) 2Bd/1Ba; (5) 2Bd/1.5Ba Townhomes; (1) 3Bd/1.5Ba Units
Well Maintained Asset with Recent Capital Improvements Including: Newer Windows & Hot Water Heaters, Retaining Walls & Updated Parking Lot
On-Site Coin-Op Laundry Room & Individual Storage Closets
Townhome Units Include Private Fenced Back Yards
2-Car Attached Garage for 3Bd/1.5Ba Unit
Quick Access to Belmar & River Point at Sheridan Shopping Centers
Located in Predominantly Residential Neighborhood
Listing Contacts
Listed by Pinnacle Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$113,991.00
$9,499.25/mo
Valuation Metrics
0
DSCR
6.33%
Cap Rate
6.33%
ROI
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