Property Features
• 6.52% Current CAP Rate!!
• Priced Well Below Comparable Properties at Just $170k/Unit
• All 2Bd/1Ba Units on Large, 1 Acre Lot
• Short Walk to Major Planned Developments: Northgate Center (Directly Across Street) and Sherman
Redevelopment (1/4 Mile South)
• Short, 1/4 Mile Walk to Westminster Light Rail Station
• Favorable SPD Zoning (Specific Plan District) Allows for Multiple Future Redevelopment Options
• Proforma Rents Already Being Achieved & Surpassed
• Individually Metered for Gas and Electric
• Low Maintenance, Brick Buildings with Pitched Roofs
• Front and Rear Entrances
• Quick Access to US Hwy 36, Downtown Denver, Interlocken and Boulder
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Listing Snapshot
Price
$6,150,000
Days On Site
39 Days
Bedrooms
N/A
Inside Area (SqFt)
27,938 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
1.05 Acres
Year Built
1962
MLS® Number
1568776
Status
Active
Property Tax
$38,663
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Neighborhood & Commute
Source: Walkscore
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