5997 Magnolia St
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5997 Magnolia St
4 Unit Apartment Building Offered at $980,000 at a 6.43% Cap Rate in Commerce City, CO 80022
Investment Highlights
- Fully Renovated, Turn Key Property
- Excellent Unit Mix
- Ample Parking
- High End Finishes with Washer/ Dryer In-Unit
- Short Drive to Downtown Denver
- New Flooring, Lighting, Appliances, etc.
Executive Summary
MMG is pleased to present 5997 Magnolia, your ideal commercial real estate opportunity in the heart of rapidly expanding Commerce City with easy access to main roads and short drive to Denver! This quadplex offers residents private fenced-in yards, in-unit laundry, and stainless-steel appliances in this recently updated space. With its prime location and modern features, this property offers the perfect blend of comfort and convenience for owner-occupying owners. Take the next step towards your real estate investment success with this exceptional opportunity. **Portfolio sale with 6680-6690 E 63rd Pl — can be purchased separately or together.
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 | $980,000 | Property Type | Multifamily |
| Price Per Unit | $245,000 | Building Class | B |
| Sale Type | Investment | Building Size | 2,800 SF |
| Cap Rate | 6.43% | No. Stories | 1 |
| No. Units | 4 | Year Built/Renovated | 1942/2022 |
| Price | $980,000 |
| Price Per Unit | $245,000 |
| Sale Type | Investment |
| Cap Rate | 6.43% |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Class | B |
| Building Size | 2,800 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1942/2022 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,100 | 600 |
| 2+1 | 2 | $1,800 | 700 |
| 3+1 | 1 | $2,300 | 800 |
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5997 Magnolia St
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