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Corona Apartments 1228 N Corona St 7 Unit Apartment Building $1,099,000 ($157,000/Unit) 6.22% Cap Rate Denver, CO 80218
INVESTMENT HIGHLIGHTS
- 11 miles from Downtown Denver.
- Fully leased!
EXECUTIVE SUMMARY
Corona Apartments offers a mixture of comfort, style, and convenience. Offering 1 to 3 bedroom floor plans. This community delivers a wide variety of amenities including: high-speed internet access, balconies, and convenient on-site parking options. Experience a new standard at Corona Apartments.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$84,000
|
$35.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$84,000
|
$35.35
|
| Taxes |
$7,473
|
$3.15
|
| Operating Expenses |
$13,000
|
$5.47
|
| Total Expenses |
$20,473
|
$8.62
|
| Net Operating Income |
$63,527
|
$26.74
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $84,000 |
| Annual Per SF | $35.35 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $84,000 |
| Annual Per SF | $35.35 |
| Taxes | |
|---|---|
| Annual | $7,473 |
| Annual Per SF | $3.15 |
| Operating Expenses | |
|---|---|
| Annual | $13,000 |
| Annual Per SF | $5.47 |
| Total Expenses | |
|---|---|
| Annual | $20,473 |
| Annual Per SF | $8.62 |
| Net Operating Income | |
|---|---|
| Annual | $63,527 |
| Annual Per SF | $26.74 |
PROPERTY FACTS
| Price | $1,099,000 | Building Class | C |
| Price Per Unit | $157,000 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 2,376 SF |
| Cap Rate | 6.22% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1892 |
| Property Subtype | Apartment | Parking Ratio | 2.1/1,000 SF |
| Zoning | g-mu-5 - g-mu-5 | ||
| Price | $1,099,000 |
| Price Per Unit | $157,000 |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,376 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1892 |
| Parking Ratio | 2.1/1,000 SF |
| Zoning | g-mu-5 - g-mu-5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
SITE AMENITIES
- Laundry Facilities
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
| 1+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 5022-23-007 | Total Assessment | $96,450 |
| Land Assessment | $27,140 | Annual Taxes | $7,473 ($3.15/SF) |
| Improvements Assessment | $69,310 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5022-23-007
Land Assessment
$27,140
Improvements Assessment
$69,310
Total Assessment
$96,450
Annual Taxes
$7,473 ($3.15/SF)
Tax Year
2024
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Corona Apartments | 1228 N Corona St
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