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.

Attachments

7815 W 41st - OM

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
Walk Score®
Very Walkable (76)

PROPERTY TAXES

zoning

Zoning Code RC
  • Listing ID: 34440395

  • Date on Market: 1/10/2025

  • Last Updated:

  • Address: 7815 W 41st Ave, Wheat Ridge, CO 80033