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31254390
31254391

5995 W 29th Ave, Wheat Ridge, CO 80214

NORTHPEAK Commercial Advisors
NORTHPEAK Commercial Advisors
Listed by NORTHPEAK Commercial Advisors
$2,125,000
72 days on market
Updated 29 days ago

Manor 29

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,500
Units 12
Cap Rate 6.28%
NOI $133,546
Pro-Forma Cap Rate 6.6%
Pro-Forma NOI $140,214
Price per SqFt $283
Year Built 1955
Lot Size (SqFt) 13,198

Multifamily | 12 Units | $177,083/unit

Marketing description

NorthPeak Commercial Real Estate Advisors is pleased to present Manor 29 Apartments, a 12-unit multifamily investment opportunity located at 5995 W 29th Avenue in Wheat Ridge, Colorado. This well-positioned asset sits at the intersection of Wheat Ridge, Edgewater, and the Sloan’s Lake corridor — one of Denver’s best performing submarkets. The property offers investors immediate cash flow with a stabilized unit mix of one studio and eleven two-bedroom/one-bathroom apartments.

A major capital improvement has already been completed — the entire electrical service has been replaced — addressing one of the biggest liabilities in multifamily maintenance.

With easy access to I-70 and 6th Avenue, the property is approximately 20 minutes from Downtown Denver and within close proximity to Sloan’s Lake Park, Edgewater Public Market, and the vibrant West 38th Avenue dining and retail corridor. Amenities include on-site laundry facilities, off-street parking, and pet-friendly policies.

Investment highlights

Entire electrical service replaced, reducing near-term CapEx risk

Strong unit mix — 11 of 12 units are two-bedroom/one-bathroom layouts

Updated interiors with modern kitchen finishes, new cabinets, and contemporary appliances throughout the community

Excellent accessibility: immediate proximity to I-70, 6th Avenue, and RT D bus service half a block away

Strong submarket fundamentals driven by limited new multifamily supply and sustained renter demand

Walkable to major retailers including 26th Ave restaurants, grocery and other businesses

Listing Contacts

NORTHPEAK Commercial Advisors
NORTHPEAK Commercial Advisors
Listed by NORTHPEAK Commercial Advisors

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$133,546.00
$11,128.83/mo

Valuation Metrics

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DSCR
6.28%
Cap Rate
6.28%
ROI

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