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10717 W 38th Ave
Wheat Ridge, CO 80033
Multifamily Property For Sale
·
7 Units
Investment Highlights
- 7.47% Current CAP Rate!!
- Recent Capital Improvements Include New Roof (2017), Windows & Siding (2019), Parking Lot (2021), and Individual Patio Updates (2021)
- Just 0.20% Vacancy (Trailing 12 Months)
- All Large, Beautifully Renovated Two-Story Townhome- Style Units with Private Yards
- Fully Renovated Interiors Featuring New Kitchen Cabinets, Granite Countertops, Updated Flooring, Remodeled Bathrooms, and More
- Tenant Storage Lockers and Community BBQ Area
Executive Summary
Applewood Townhomes is a rare investment opportunity featuring 7 fully renovated, large two-story townhome-style units with private yards located in the desirable West Wheat Ridge/Applewood submarket.? The property boasts an impressive 7.47% current CAP rate and just 0.20% vacancy over the trailing 12 months, demonstrating exceptional stability and demand.?
Recent capital improvements include a new roof installed in 2017, windows and siding replaced in 2019, parking lot resurfacing in 2021, and individual patio updates in 2021.? The interiors have been fully renovated featuring new kitchen cabinets, granite countertops, updated flooring, remodeled bathrooms, and more.? Additional amenities include tenant storage lockers and a community BBQ area.?
Recent capital improvements include a new roof installed in 2017, windows and siding replaced in 2019, parking lot resurfacing in 2021, and individual patio updates in 2021.? The interiors have been fully renovated featuring new kitchen cabinets, granite countertops, updated flooring, remodeled bathrooms, and more.? Additional amenities include tenant storage lockers and a community BBQ area.?
Property Facts
| Price Per Unit | $242,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 7.47% | Building Size | 6,650 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1969 |
| Apartment Style | Low-Rise | Parking Ratio | 3.16/1,000 SF |
| Price Per Unit | $242,714 |
| Sale Type | Investment |
| Cap Rate | 7.47% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 6,650 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 3.16/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Yard
- Double Pane Windows
- Large Bedrooms
- Quartz Countertops
Site Amenities
- Laundry Facilities
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | - | 950 - 1,000 |
Property Taxes
| Parcel Number | 39-214-09-007 | Improvements Assessment | $67,992 |
| Land Assessment | $17,500 | Total Assessment | $85,492 |
Property Taxes
Parcel Number
39-214-09-007
Land Assessment
$17,500
Improvements Assessment
$67,992
Total Assessment
$85,492
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