7815 W 41st Ave
8 Unit Apartment Building $1,695,000 ($211,875/Unit) 5.62% Cap Rate Wheat Ridge, CO 80033
Investment Highlights
- Can be purchased with 1115 Carr St.
- Growth location with nearby development along the 38th corridor and Wadsworth - low vacancy submarket
- Additional income via storage lockers; onsite laundry
- Attractive side-by-side layout with front and back doors
- Recent improvements include roof and windows
- Separately metered electric
Executive Summary
7815 W 41st Ave. is an 8 unit apartment building built in 1957. The building consists of (6) 1bed/1bath and (2) 2bed/1bath units with great curb appeal. The property features an attractive side-by-side layout with front and back doors. Recent improvements include roof and windows.
This low vacancy submarket benefits from extensive nearby development along the 38th corridor and Wadsworth. Tenants enjoy onsite laundry and secure storage units. The property is separately metered for electric which tenants pay directly in addition to a utility billback for gas, water, sewer, and trash.
This low vacancy submarket benefits from extensive nearby development along the 38th corridor and Wadsworth. Tenants enjoy onsite laundry and secure storage units. The property is separately metered for electric which tenants pay directly in addition to a utility billback for gas, water, sewer, and trash.
Property Facts
Price | $1,695,000 |
Price Per Unit | $211,875 |
Sale Type | Investment |
Cap Rate | 5.62% |
No. Units | 8 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.36 AC |
Building Size | 6,821 SF |
Average Occupancy | 96% |
No. Stories | 1 |
Year Built | 1957 |
Unit Amenities
- Air Conditioning
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 6 | - | 550 |
2+1 | 2 | - | 675 - 825 |
1 of 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
Parcel Number | 39-233-00-018 | Improvements Assessment | $63,772 |
Land Assessment | $21,305 | Total Assessment | $85,077 |
zoning
Zoning Code | RC |