Willow Grove Apartments
Multifamily | 6.70% CAP | 12 Units
Marketing description
Willow Grove Apartments is a 12 unit community located in a quiet residential pocket between Sloan's Lake and main street Wheat Ridge. Tenants enjoy easy access to shopping and dining in all directions at Edgewater Public Market, 38th, or the Tennyson Corridor. The building is composed of two 1 bedrooms, seven 2 bedrooms, and three 3 bedrooms. The units boast premium features including attractive side by side layouts with front and back doors, in unit laundry, a handful of private yards, and large attached garages.
There have been extensive recent improvements to both interiors and major systems including new roof, electrical panels, exterior, and common area. Additionally, most units have new kitchens, bathrooms, and floors within the last 2 years. Units are separately metered for gas & electric so tenants pay directly. For the right investor, this is an opportunity to buy an updated building in a strong area that will perform in well in the long run.
Investment highlights
- Attractive side by side layouts with front and back doors
- In unit laundry, private patios, and large attached garages
- Extensive recent updates including roof, electrical panels, exterior, common area
- Renovated kitchens, bathrooms, and floors
- Quiet residential pocket surrounded by shopping/dining at 38th, Edgewater Public Market, and Tennyson
- Separately metered gas/electric - tenants pay direct
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