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Clear Creek Apartments 10345-10365 W 41st Ave 7 Unit Apartment Building $1,575,000 ($225,000/Unit) 6.31% 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 adjacent to Clear Creek Open Space, backed by a multi-year history of exceptionally strong and stable Net Operating Income, outperforming comparable assets of similar size.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$129,660
|
$21.05
|
| Other Income |
$22,764
|
$3.70
|
| Vacancy Loss |
$7,621
|
$1.24
|
| Effective Gross Income |
$144,803
|
$23.51
|
| Taxes |
$9,283
|
$1.51
|
| Operating Expenses |
$36,122
|
$5.86
|
| Total Expenses |
$45,405
|
$7.37
|
| Net Operating Income |
$99,398
|
$16.14
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $129,660 |
| Annual Per SF | $21.05 |
| Other Income | |
|---|---|
| Annual | $22,764 |
| Annual Per SF | $3.70 |
| Vacancy Loss | |
|---|---|
| Annual | $7,621 |
| Annual Per SF | $1.24 |
| Effective Gross Income | |
|---|---|
| Annual | $144,803 |
| Annual Per SF | $23.51 |
| Taxes | |
|---|---|
| Annual | $9,283 |
| Annual Per SF | $1.51 |
| Operating Expenses | |
|---|---|
| Annual | $36,122 |
| Annual Per SF | $5.86 |
| Total Expenses | |
|---|---|
| Annual | $45,405 |
| Annual Per SF | $7.37 |
| Net Operating Income | |
|---|---|
| Annual | $99,398 |
| Annual Per SF | $16.14 |
Property Facts
| Price | $1,575,000 | Apartment Style | Low-Rise |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 6.31% | 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 | 6.31% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| 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
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $1,585 | 561 |
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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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