Listed by Pinnacle Real Estate Advisors
$1,330,000
Flats at 37th Place
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,953
Units 7
Cap Rate 5.47%
NOI $72,697
Pro-Forma Cap Rate 5.83%
Pro-Forma NOI $77,599
Price per SqFt $336
Broker Co-Op No
Class C
Year Built 1956
Buildings 1
Stories 1
Acreage 0.280
Investment Type Value Add
Ground Lease No
PRICE REDUCED! Beautiful Wheat Ridge Apt Bldg; Rental Upside
Marketing description
BACK ON MARKET! Beautiful Wheat Ridge Apt Bldg; Rental Upside
Investment highlights
• $120k Price Reduction!
• Excellent Mix of Studios, 1Bd and 2Bd Units
• Updated Interiors with Beautiful Hardwood Floors
• Priced Well Below Comparable Properties
• Individual Tenant Storage Lockers
• Attractive Curb Appeal on Corner Lot
• Walk to Restaurants, Retail, Public Transportation and Places of Employment
• Close to Redevelopment Along W 38th Avenue
• Quick Access to I-70, Downtown Denver and Rocky Mountains
• Strong Neighborhood Demographics
• Quick Access to I-70, Downtown Denver and Rocky Mountains
• Strong Neighborhood Demographics
Listing Contacts
Listed by Pinnacle Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$72,697.00
$6,058.08/mo
Valuation Metrics
0
DSCR
5.47%
Cap Rate
5.47%
ROI
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