1256-1258 Newton St
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1256-1258 Newton St
3 Unit Apartment Building $2,650,000 ($883,333/Unit) 5.33% Cap Rate Denver, CO 80204
Investment Highlights
- This property boasts large 4 bed/3.5 bath townhome style units
- Brand new construction located near the heart of Sloan's Lake
- Well maintained asset by current ownership
- Rare 3-story half duplexes with a private yard
- This property highlights high-end interior and exterior furnishes throughout
Executive Summary
Capstone Apartments Partners is pleased to present 1256-1258 Newton St: a triplex in Denver's flourishing Sloan's Lake neighborhood. This updated property was built in 2021 and provides a unique opportunity to investors for a newer build with strong in-place cash flow. The property's larger unit sizes complement the high-end, interior and exterior furnishings throughout. The Sloan's Lake neighborhood has also emerged as a choice location for tenants with exceptional proximity to downtown Denver, Edgewater market-place, and HWY 6- a direct route to the mountains.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,650,000 | Apartment Style | Townhome |
| Price Per Unit | $883,333 | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 6,714 SF |
| Cap Rate | 5.33% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $2,650,000 |
| Price Per Unit | $883,333 |
| Sale Type | Investment |
| Cap Rate | 5.33% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Lot Size | 0.04 AC |
| Building Size | 6,714 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2021 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3.5 | 3 | $4,950 | 2,238 |
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Bike Score ®
Very Bikeable (77)
zoning
| Zoning Code | G-MU |
| G-MU |
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1256-1258 Newton St
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