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31739894
31739895

5511 S Delaware St, Littleton, CO 80120 For Sale

JK
CO FA100032419
Pinnacle Real Estate Advisors
CK
CO FA100052086
Pinnacle Real Estate Advisors
JK
CO FA100068260
Pinnacle Real Estate Advisors
Listed by Pinnacle Real Estate Advisors
$1,300,000
83 days on market
Updated 83 days ago

5511 S Delaware Street Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,674
Units 7
Cap Rate 6.43%
NOI $83,533
Pro-Forma Cap Rate 6.53%
Pro-Forma NOI $84,903
Price per SqFt $195
Broker Co-Op Yes
Class C
Year Built 1962
Buildings 1
Stories 2
Lot Size (SqFt) 9,496
Parking Spaces 10 spaces
Parking per 1,000 SqFt 1.50

Rare Townhome-Style Apartment Opportunity in Littleton | 7 Units | $185,714/unit

Marketing description

This well-maintained multifamily offering features seven spacious, townhome-style units with an attractive and functional unit mix consisting of (6) two-bedroom/one-bath units and (1) three-bedroom/one-bath unit. The property’s two-story layouts provide larger-than-average living spaces, appealing to a broad tenant base seeking comfort and privacy.

Many of the units have been recently renovated, presenting investors with immediate rental upside through continued interior enhancements and operational efficiencies. Each apartment showcases a bright, open-concept design with updated finishes, including modern kitchens equipped with white shaker cabinetry, granite-style countertops, and stainless-steel appliances. Expansive living areas are complemented by wood-style flooring, abundant natural light, and thoughtfully designed layouts.

Additional features include individually metered gas and electric utilities, allowing for expense control and improved operational efficiency. With its combination of strong in-place fundamentals, upgraded interiors, and value-add potential, this property represents a compelling investment opportunity in today’s market.

THIS PROPERTY CAN ALSO BE PURCHASED WITH 5710 S. PENNSYLVANIA STREET (6-UNIT PROPERTY) AND WITH 5702 S. PEARL STREET (4-UNIT PROPERTY)

Investment highlights

  • 7 TOWNHOME STYLE UNITS
  • GREAT UNIT MIX WITH (6) 2BR/1BA UNITS AND (1) 3BR/1BA U NIT
  • RECENTLY RENOVATED UNITS WITH IMMEDIATE RENTAL UPSIDE
  • TWO-STORY LAYOUT AVERAGING ROUGHLY 1,000 SF PER UNIT
  • INDIVIDUALLY METERED FOR GAS & ELECTRIC
  • CAN BE PURCHASED WITH 5710 S. PENNSYLVANIA ST. & 5702 S. PEARL ST.

Listing Contacts

JK
CO FA100032419
Pinnacle Real Estate Advisors
CK
CO FA100052086
Pinnacle Real Estate Advisors
JK
CO FA100068260
Pinnacle Real Estate Advisors
Listed by Pinnacle Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$83,533.00
$6,961.08/mo

Valuation Metrics

0
DSCR
6.43%
Cap Rate
6.43%
ROI

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