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Clear Creek Apartments 10345-10365 W 41st Ave 7 Unit Apartment Building $1,575,000 ($225,000/Unit) 6.29% Cap Rate Wheat Ridge, CO 80033
INVESTMENT HIGHLIGHTS
- Three Single-Story Buildings Adjacent to Clear Creek Open Space
- Turnkey Asset that Operates Efficiently with Low Ongoing Capital Needs
- 6.29% Current CAP Rate!
- Comprehensive Renovation Including Fully Updated Interiors, Roofs, Windows, Electrical and More
- Six Large Garages & Storage Units Offer Additional Income
- Close Proximity to SCL Health Medical Campus, Gold’s Marketplace Redevelopment & Ample Retail
EXECUTIVE SUMMARY
JUST LISTED! Seven-unit property in Wheat Ridge, right next to Clear Creek Open Space. The six garages and storage units provide additional income.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$129,660
|
$32.64
|
| Other Income |
$22,324
|
$5.62
|
| Vacancy Loss |
$7,599
|
$1.91
|
| Effective Gross Income |
$144,385
|
$36.34
|
| Taxes |
$9,283
|
$2.34
|
| Operating Expenses |
$35,988
|
$9.06
|
| Total Expenses |
$45,271
|
$11.39
|
| Net Operating Income |
$99,114
|
$24.95
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $129,660 |
| Annual Per SF | $32.64 |
| Other Income | |
|---|---|
| Annual | $22,324 |
| Annual Per SF | $5.62 |
| Vacancy Loss | |
|---|---|
| Annual | $7,599 |
| Annual Per SF | $1.91 |
| Effective Gross Income | |
|---|---|
| Annual | $144,385 |
| Annual Per SF | $36.34 |
| Taxes | |
|---|---|
| Annual | $9,283 |
| Annual Per SF | $2.34 |
| Operating Expenses | |
|---|---|
| Annual | $35,988 |
| Annual Per SF | $9.06 |
| Total Expenses | |
|---|---|
| Annual | $45,271 |
| Annual Per SF | $11.39 |
| Net Operating Income | |
|---|---|
| Annual | $99,114 |
| Annual Per SF | $24.95 |
PROPERTY FACTS
| Price | $1,575,000 | Apartment Style | Garden |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 6.29% | Building Size | 3,973 SF |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1962/2017 |
| Property Subtype | Apartment | Parking Ratio | 3.02/1,000 SF |
| Price | $1,575,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 6.29% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 3,973 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1962/2017 |
| Parking Ratio | 3.02/1,000 SF |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Storage Space
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Tub/Shower
- Freezer
SITE AMENITIES
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $1,585 | 561 |
1 1
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 39-214-05-003 | Total Assessment | $97,281 (2024) |
| Land Assessment | $20,419 (2024) | Annual Taxes | $9,283 ($2.34/SF) |
| Improvements Assessment | $76,862 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
39-214-05-003
Land Assessment
$20,419 (2024)
Improvements Assessment
$76,862 (2024)
Total Assessment
$97,281 (2024)
Annual Taxes
$9,283 ($2.34/SF)
Tax Year
2025
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Clear Creek Apartments | 10345-10365 W 41st Ave
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