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Eliot Town Homes 2781-2831 Eliot Cir 24 Unit Apartment Building $4,300,000 ($179,167/Unit) 7.90% Cap Rate Westminster, CO 80030
INVESTMENT HIGHLIGHTS
- Proximity to Major Transit-Oriented Development
- Strong Resident Amenities
- Desirable Townhome Layouts
- Proven Renovation Upside
EXECUTIVE SUMMARY
MMG Real Estate Advisors is pleased to present the opportunity to acquire Eliot Circle Townhomes in Westminster, Colorado. The property features desirable two-story townhome layouts, strong resident amenities, and proven renovation upside. Located less than a mile from the Westminster Station Transit-Oriented Development (TOD)—a 135- acre master-planned redevelopment anchored by RTD’s B Line rail station—Eliot Circle Townhomes is positioned to benefit from one of the most transformative projects in the Denver metro area. With significant public and private investment driving growth, the property offers investors both immediate value and long-term appreciation potential.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,300,000 | Building Class | B |
| Price Per Unit | $179,167 | Lot Size | 1.06 AC |
| Sale Type | Investment | Building Size | 19,200 SF |
| Cap Rate | 7.90% | Average Occupancy | 96% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.64/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-4, Westminster | ||
| Price | $4,300,000 |
| Price Per Unit | $179,167 |
| Sale Type | Investment |
| Cap Rate | 7.90% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.06 AC |
| Building Size | 19,200 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.64/1,000 SF |
| Zoning | R-4, Westminster |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Heating
- Refrigerator
- Oven
- Handrails
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 600 |
| 2+1 | 4 | - | 900 |
| 2+1.5 | 16 | - | 880 |
1 1
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $234,380 (2024) | |
| Land Assessment | $15,350 (2024) | Total Assessment | $249,730 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$15,350 (2024)
Improvements Assessment
$234,380 (2024)
Total Assessment
$249,730 (2024)
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Eliot Town Homes | 2781-2831 Eliot Cir
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