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730 Mather St

12 Unit Apartment Building $2,520,000 ($210,000/Unit) 5.60% 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 730 Mather street, a well maintained traditional interior entrance apartment building situated in the fast-growing City of Brighton, Colorado. Located in a peaceful residential neighborhood near Brighton High school, this property offers residents a charming quiet atmosphere while benefiting from the area’s close proximity to Denver and Boulder. The property features an ideal unit mix of 8 two-bedroom units, 2 three-bedroom units, and 2 one-bedroom units, all of which have been updated and are in excellent condition. With a current cap rate of 5.60%, 730 Mather street provides a solid foundation for investors seeking both stability and growth potential in an 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 $2,520,000
Price Per Unit $210,000
Sale Type Investment
Cap Rate 5.60%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.35 AC
Building Size 10,664 SF
No. Stories 3
Year Built 1974
Parking Ratio 2.44/1,000 SF
Opportunity Zone Yes

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 $1,550 624
2+1 8 $1,725 909
3+1 2 $1,995 1,072

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1569-07-1-27-014
Land Assessment
$6,110
Improvements Assessment
$132,030
Total Assessment
$138,140

zoning

Zoning Code R-2
R-2
  • Listing ID: 33222461

  • Date on Market: 9/18/2024

  • Last Updated:

  • Address: 730 Mather St, Brighton, CO 80601

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