Applewood Townhomes
JUST LISTED! Applewood Townhomes in Wheat Ridge; 7.47% Current CAP!!
Marketing description
Applewood Townhomes is a rare investment opportunity featuring 7 fully renovated, large two-story townhome-style units with private yards located in the desirable West Wheat Ridge/Applewood submarket. The property boasts an impressive 7.47% current CAP rate and just 0.20% vacancy over the trailing 12 months, demonstrating exceptional stability and demand.
Recent capital improvements include a new roof installed in 2017, windows and siding replaced in 2019, parking lot resurfacing in 2021, and individual patio updates in 2021. The interiors have been fully renovated featuring new kitchen cabinets, granite countertops, updated flooring, remodeled bathrooms, and more. Additional amenities include tenant storage lockers and a community BBQ area.
Investment highlights
- 7.47% Current CAP Rate!!
- All Large, Beautifully Renovated Two-Story Townhome-Style Units with Private Yards
- Recent Capital Improvements Include New Roof (2017), Windows & Siding (2019), Parking Lot (2021), and Individual Patio Updates (2021)
- Fully Renovated Interiors Featuring New Kitchen Cabinets, Granite Countertops, Updated Flooring, Remodeled Bathrooms, and More
- Just 0.20% Vacancy (Trailing 12 Months)
- Excellent Location in the West Wheat Ridge / Applewood Submarket with Strong Neighborhood Demographics — $118,116 Average Household Income Within a One-Mile Radius
- Tenant Storage Lockers and Community BBQ Area
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