5151-5171 W 10TH AVE | 5151 W 10th Ave
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5151-5171 W 10TH AVE 5151 W 10th Ave
11 Unit Apartment Building $4,600,000 ($418,182/Unit) 3.73% Cap Rate Denver, CO 80204
Executive Summary
5151-5171 W 10th Ave is an exceptional investment opportunity featuring 11 modern townhome units constructed in November 2020. This property offers a diverse mix of six 2-bedroom, 2.5-bath units, three 2-bedroom, 2-bath units, and two 1-bedroom, 1.5-bath units. Nine of the units include garages, and all units are equipped with in-unit washer and dryer facilities, air conditioning, and heating. Ideally located on Sheridan and conveniently close to 6th Ave and the Colfax corridor, this property provides excellent accessibility to the greater metropolitan area. Additionally, it is just a few blocks away from the RTD, enhancing its connectivity to the city.
Property Facts
| Price | $4,600,000 | Apartment Style | Low Rise |
| Price Per Unit | $418,182 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 3.73% | Building Size | 10,622 SF |
| Gross Rent Multiplier | 17.32 | No. Stories | 3 |
| No. Units | 11 | Year Built | 2020 |
| Property Type | Multifamily | Parking Ratio | 0.85/1,000 SF |
| Property Subtype | Apartment |
| Price | $4,600,000 |
| Price Per Unit | $418,182 |
| Sale Type | Investment |
| Cap Rate | 3.73% |
| Gross Rent Multiplier | 17.32 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 10,622 SF |
| No. Stories | 3 |
| Year Built | 2020 |
| Parking Ratio | 0.85/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1.5 | 3 | - | - |
| 2+2 | 2 | - | - |
| 2+2.5 | 6 | - | - |
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Walk Score ®
Very Walkable (72)
Bike Score ®
Very Bikeable (79)
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5151-5171 W 10TH AVE | 5151 W 10th Ave
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