Property History
Property Type
Property Type
Asking Details
Asking Cap Rate
Marketing Description
The Newberry Apartments is a renovated six-unit apartment community located in the city of Westminster, CO in Adams County – part of the Midtown Denver submarket. Built in 1962 and situated on 0.17 acres, the property was remodeled in 2007 which included a new building boiler and hot water heater. The well-maintained property is comprised of a single, two-story building of wood-frame construction with a combination of brick and wood panel siding. The Newberry offers spacious one- and two-bedroom units featuring hardwood-style flooring in the main living areas, and fully equipped kitchens with upgraded cabinetry and tile flooring. Laundry facilities and ample off-street parking are provided.
Investment Highlights
- Debt Service: $(52,101)
- Net Cash Flow After Debt Service: $-12,955 / 13,856 / -4.15% / 4.43%
- Principal Reduction: $17,239
- Total Return: $4,283 / 31,094 / 1.37% / 9.95%
- Cap Rate: 3.13% / 5.28%
- GRM: 15.52 / 12.55
- Price / Unit: $208,333
- Price / SF: $260.42
Loan History
Financial History
****** Data
Net Operating Income
Reporting Date
Tax History
Contact Information
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Ownership Information
Property Details
There are no additional details for this property
Contacts
Sold on
BY:
Marc Lippitt PRO
•••.•••.5888
••••pitt@••••••••••.com
Sold on
BY:
Phil Dankner PRO
•••.•••.4796
••••kner@••••••••••.com
Sold on
BY: Elliott Polanchyck PRO
•••.•••.2695
•••••••hyck@••••••••••.com
Sold on
BY:
Will McCauley
•••.•••.3732
•••••uley@••••••••••.com
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