3620-3632 Ingalls St
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3620-3632 Ingalls St
8 Unit Apartment Building $1,625,000 ($203,125/Unit) 5.24% Cap Rate Wheat Ridge, CO 80033
Investment Highlights
- Stable Cashflow with Upside Potential
- Tenants Pay Their Own Utilities
- Attractive for Owner/Operator or Passive Investor
- Convenient Location in Quiet Setting
- Low Maintenance Property
Executive Summary
3620 Ingalls Street is an attractive 8-unit property conveniently located in Wheat Ridge, less than 5 miles from downtown Denver. The courtyard-style building offers an attractive mix of studio, one bedroom and two bedroom apartments with plenty of off-street parking for the residents.
The courtyard apartments are separately metered for gas and electric, and each unit has its own furnace and water heater. The well-maintained property has been a stable and consistent investment for over 10 years for the current owner.
The property is nestled between the vibrant neighborhoods of Berkeley, Sloan’s Lake, Edgewater, and Olde Town Arvada.
The courtyard apartments are separately metered for gas and electric, and each unit has its own furnace and water heater. The well-maintained property has been a stable and consistent investment for over 10 years for the current owner.
The property is nestled between the vibrant neighborhoods of Berkeley, Sloan’s Lake, Edgewater, and Olde Town Arvada.
Property Facts
| Price | $1,625,000 | Building Class | C |
| Price Per Unit | $203,125 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 7,200 SF |
| Cap Rate | 5.24% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,625,000 |
| Price Per Unit | $203,125 |
| Sale Type | Investment |
| Cap Rate | 5.24% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 7,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1961 |
| Parking Ratio | 2.5/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 600 |
| 2+1 | 4 | - | 750 |
| 3+1 | 1 | - | 900 |
| Studios | 1 | - | 650 |
Walk Score ®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 39-252-01-022 | Improvements Assessment | $57,164 |
| Land Assessment | $16,817 | Total Assessment | $73,981 |
PROPERTY TAXES
Parcel Number
39-252-01-022
Land Assessment
$16,817
Improvements Assessment
$57,164
Total Assessment
$73,981
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Conner Piretti -
Greg Johnson -
NorthPeak Commercial Advisors
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3620-3632 Ingalls St
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