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Wadsworth Arms 6700 Wadsworth Blvd

26 Unit Apartment Building $6,675,000 ($256,731/Unit) 6.51% Cap Rate Arvada, CO 80003

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Investment Highlights

24/26 Units are 3 Bedroom Units
Pro Forma Rents Already Being Achieved
Huge Private Patios & Balconies

6.51% Current CAP Rate & 7.81% Proforma CAP Rate!
Recent Capital Improvements Include Newer: Roof, Gutters, Concrete Replacement and Several Newer Furnaces & Hot Water Heaters
Just 1.5 Miles From Olde Town Arvada & Light Rail Station

Executive Summary

JUST LISTED! 26 Unit Apartment Bldg in Arvada; Mostly 3Bds; 6.51% Current CAP Rate

6700 Wadsworth Blvd - OM (EMAIL)

Financial Summary (Pro forma - 2024)	Annual	Annual Per SF
Gross Rental Income	$700,800	$23.68
Other Income	$17,269	$0.58
Vacancy Loss	$35,903	$1.21
Effective Gross Income	$682,166	$23.05
Taxes	$36,834	$1.24
Operating Expenses	$123,759	$4.18
Total Expenses	$160,593	$5.43
Net Operating Income	$521,573	$17.63

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual	$700,800
Annual Per SF	$23.68

Other Income
Annual	$17,269
Annual Per SF	$0.58

Vacancy Loss
Annual	$35,903
Annual Per SF	$1.21

Effective Gross Income
Annual	$682,166
Annual Per SF	$23.05

Taxes
Annual	$36,834
Annual Per SF	$1.24

Operating Expenses
Annual	$123,759
Annual Per SF	$4.18

Total Expenses
Annual	$160,593
Annual Per SF	$5.43

Net Operating Income
Annual	$521,573
Annual Per SF	$17.63

Property Facts

Price	$6,675,000	Apartment Style	Low Rise
Price Per Unit	$256,731	Building Class	C
Sale Type	Investment	Lot Size	0.99 AC
Cap Rate	6.51%	Building Size	29,590 SF
No. Units	26	No. Stories	2
Property Type	Multifamily	Year Built	1957
Property Subtype	Apartment	Parking Ratio	1.82/1,000 SF

Price	$6,675,000
Price Per Unit	$256,731
Sale Type	Investment
Cap Rate	6.51%
No. Units	26
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.99 AC
Building Size	29,590 SF
No. Stories	2
Year Built	1957
Parking Ratio	1.82/1,000 SF

Unit Amenities

Balcony
Cable Ready

Heating
Kitchen

Refrigerator
Range

Carpet
Patio

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
2+1	26	-	925

1 of 1

Walk Score ®

Very Walkable (70)

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of any address. Transit Score®

measures access to public transit. Bike Score®

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Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	39-024-08-001	Total Assessment	$379,747 (2023)
Land Assessment	$57,864 (2023)	Annual Taxes	$36,834 ($1.24/SF)
Improvements Assessment	$321,883 (2023)	Tax Year	2024