Listed by MMG
$998,000
640 Jessup Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,705
Units 7
Cap Rate 5.13%
NOI $51,183
Tenancy Multi
Pro-Forma Cap Rate 10.37%
Pro-Forma NOI $103,474
Price per SqFt $175
Year Built 1974
Buildings 1
Stories 3
Lot Size (SqFt) 10,800
Parking Spaces 20 spaces
Parking per 1,000 SqFt 3.51
Investment Type Value Add
Multifamily | 7 Units | $142,571/unit
Marketing description
MMG Real Estate Advisors is pleased to present the opportunity to acquire 640 Jessup Street, a multifamily investment property located in Brighton, Colorado. Brighton is one of the fastest-growing communities in the Denver metro, offering investors direct access to major employment corridors, strong rental demand, and long-term appreciation potential driven by population growth and regional infrastructure expansion. The property presents a compelling value-add opportunity through loss-to-lease recapture, interior renovation upside, and a RUBS implementation opportunity on currently master-metered utilities, positioning future ownership to capture meaningful operational gains in a supply-constrained suburban market.
Investment highlights
- Proven Rental Upside & Expense Recapture Opportunity
- Prime Location with Direct Access to Metro Denver Growth
- Established Employment Base with Regional Job Connectivity
- Spacious Unit Layouts with Convenient Tenant Amenities
- Value-Add Plan with Long-Term Growth Fundamentals
Listing Contacts
Listed by MMG
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$51,183.00
$4,265.25/mo
Valuation Metrics
0
DSCR
5.13%
Cap Rate
5.13%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
