Brighton Apartments | 180 S 20th Ave
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Brighton Apartments 180 S 20th Ave
10 Unit Apartment Building $2,100,000 ($210,000/Unit) 6.22% Cap Rate Brighton, CO 80601
Investment Highlights
- Desirable Unit Mix
- All units feature updated interiors with modern finishes, offering a high-quality living experience for residents
- Ideal for investors seeking a stable, performing asst, offering immediate cash flow, and future appreciation opportunities in a growing market
- Situated in a quiet, family-friendly community with nearby amenities
- The property’s systems are in excellent condition
Executive Summary
MMG is pleased to present 180 S. 20th Ave, an exterior walkup apartment building located in the rapidly growing City of Brighton, Colorado. Set in a peaceful residential neighborhood, this property offers residents the charm of a small town with the added benefit of walking and biking paths, and the convenience of being close to both Denver and Boulder. The property features a strong unit mix of 8 two-bedroom, one-bathroom units and 2 one-bedroom, one-bathroom units, all of which have been updated with modern finishes and are in excellent condition. Each unit is equipped with its own individual furnace and in-unit laundry, providing comfort and convenience for residents. 180 S. 20th Ave presents a prime investment opportunity with significant potential for future growth in this expanding market.
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 | $2,100,000 | Building Class | C |
| Price Per Unit | $210,000 | Lot Size | 0.65 AC |
| Sale Type | Investment | Building Size | 6,600 SF |
| Cap Rate | 6.22% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 2.27/1,000 SF |
| Apartment Style | Low Rise |
| Price | $2,100,000 |
| Price Per Unit | $210,000 |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 6,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 2.27/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,420 | 500 |
| 2+1 | 8 | $1,745 | 700 |
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Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 1569-08-1-00-006 | Improvements Assessment | $102,500 |
| Land Assessment | $11,490 | Total Assessment | $113,990 |
PROPERTY TAXES
Parcel Number
1569-08-1-00-006
Land Assessment
$11,490
Improvements Assessment
$102,500
Total Assessment
$113,990
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Brighton Apartments | 180 S 20th Ave
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