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31417810
31417811

8803 Circle Dr, Westminster, CO 80031

NP
CO EA100076882
Real Broker LLC
Listed by Real Broker LLC
$1,199,000
64 days on market
Updated 64 days ago

Circle Drive

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,722
Net Rentable (SqFt) 4,204
Units 6
Cap Rate 6.16%
NOI $73,852
Occupancy 100%
Pro-Forma Cap Rate 6.68%
Pro-Forma NOI $80,145
Price per SqFt $254
Broker Co-Op Yes
Class B
Year Built 1962
Year Renovated 2025
Buildings 1
Stories 1
Lot Size (SqFt) 11,000
Zoning Multi-unit 4-8
Parking Spaces 0 per unit
Investment Type Stabilized
Occupancy Date 04/01/2026
Ground Lease No
Ownership Sole

Multifamily | 6 unit, fully occupied

Marketing description

Well-maintained 6-unit multifamily property in central Westminster with strong in-place income and additional upside through continued unit renovations. The property is fully leased and benefits from consistent rental demand due to its central location with easy access to both Denver and Boulder employment corridors.

The unit mix includes two updated 2-bedroom units and one updated 1-bedroom unit, featuring modern kitchens, updated bathrooms, and new flooring. Remaining units provide value-add potential through future renovation, allowing investors to increase rents and improve overall asset performance.

Recent exterior improvements include a new roof, fresh exterior paint, and updated wood accent siding, enhancing curb appeal while minimizing near-term capital expenditure risk.

The property currently generates $101,760 in annual gross income with the potential to increase income to approximately $108,960 through continued unit upgrades and rent adjustments.

Located in central Westminster with convenient access to US-36, I-25, Boulder, and Downtown Denver, the property benefits from strong tenant demand driven by proximity to major employment centers and transportation corridors.

This offering presents investors with a stable, fully leased asset with proven rentability and clear value-add potential through interior renovations and rent optimization.

Investment highlights

  • 3 units already renovated
  • 3 left to renovate
  • Fully occupied
  • New Roof, Windows, electrical, Exterior paint
  • Great location between Denver and Boulder

Listing Contacts

NP
CO EA100076882
Real Broker LLC
Listed by Real Broker LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$73,852.00
$6,154.33/mo

Valuation Metrics

0
DSCR
6.16%
Cap Rate
6.16%
ROI

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Additional Information

Name
Nick Painz
License
EA100076882
Brokerage
Real Broker LLC
Brokerage Phone
3035508816
Title
Broker
Brokerage Address
999 18th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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