North Denver Portfolio

3 Property Portfolio Opportunity

Westminster | Commerce City | Wheat Ridge

 

The North Denver Portfolio consists of 3 properties in Denver’s Northern and Western submarkets.

These properties offer a strong opportunity to establish or grow an investor’s portfolio in Denver’s increasingly popular suburbs. These properties can be purchased together or individually.

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7030 Stuart Street & 4260 W 70th Place

Status: Just Closed

List Price: $1,900,000

Units: 12 Units

CAP Rate:

Actual: 4.86%

Proforma: 6.45%

NOI:

Actual: $92,345

Proforma: $122,471

Unit Mix:

12 Two-Bed/One-Bath

Investment Highlights:

  • Ample Parking for All Units

  • Vinyl Windows

  • New Exterior Stairs

  • Over 75% of Units Have Been Updated

  • All Units Have Private Balcony or Patio

  • Attractive All Two-Bedroom Unit Mix

  • Walking Distance to Westminster High School

  • New Roof in 2020

  • Income-Producing Laundry

  • Individually Metered for Electric

 
 
 

7101 E 60th Way

Status: Just Closed

List Price: $1,530,000

Units: 10 Units

CAP Rate:

Actual: 5.94%

Proforma: 6.45%

NOI:

Actual: $90,818

Proforma: $98,703

Unit Mix:

8 One-Bed/One-Bath

2 Two-Bed/One-Bath

Investment Highlights:

  • 20 Minutes from Downtown Denver

  • Within Walking Distance to Dick’s Sporting Goods Park

  • Single-Story Building with Large Floorplans

  • New Roof in 2020

  • Majority of Furnaces Replaced

  • Individually Metered for Gas & Electric

  • Six Income-Producing Garages

  • Washer & Dryer Hookups in Every Unit

  • Front & Rear Entrances

  • Ample Parking on 0.94 Acre Parcel

 
 
 

3715 Pierce Street

Status: Just Closed

List Price: $1,685,000

Units: 11 Units

CAP Rate:

Actual: 5.63%

Proforma: 5.92%

NOI:

Actual: $94,798

Proforma: $99,707

Unit Mix:

2 Studio

7 One-Bed/One-Bath

2 One-Bed/One-Bath + Den

Investment Highlights:

  • New Vinyl Windows

  • New Roof (2018)

  • New Central Air-Conditioning and Furnace in Each Unit (2018)

  • New Sewer Line (2018)

  • Updated Electrical Panels

  • Studio Units Rebuilt from Studs (2018)

  • Refinished Hardwood Floors

  • Individually Metered for Gas

  • RUB System in Place

  • Two Income-Producing Laundry Rooms with New Equipment

  • Income Potential from Renting Out Storage Units - Two Units with Finished Concrete Floors