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2831 Eliot Cir
Westminster, CO 80030
Multifamily Property For Sale
·
6 Units
Executive Summary
NorthPeak Commercial Advisors is pleased to present the exclusive opportunity to acquire 2831 Eliot Circle, a six-unit townhome community, located in the Midtown submarket of Westminster, Colorado. The ownership group is also open to selling an adjacent 6-unit building. Please inquire if you have an interest.
The property includes (1) 1Br/1Ba, (1) 2Br/1Ba and (4) 2Br/1.5Ba units. The 2br/1.5ba units are two story, townhome style layouts offering space, private entries and additional bathrooms that tenants prioritize.
Built in 1962, the community sits on a large 9,375 SF lot zoned R-4, presenting a compelling value-add profile for an owner-operator or 1031 exchange buyer. The property is 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 — positioning tenants to benefit from one of the most transformative projects in the Denver metro area. Downtown Denver is approximately six miles south, giving residents a suburban atmosphere with quick access to the city. The location also offers direct access to US-36 (Boulder Turnpike) and I-76, connecting residents to employment centers across the Front Range.
The property includes (1) 1Br/1Ba, (1) 2Br/1Ba and (4) 2Br/1.5Ba units. The 2br/1.5ba units are two story, townhome style layouts offering space, private entries and additional bathrooms that tenants prioritize.
Built in 1962, the community sits on a large 9,375 SF lot zoned R-4, presenting a compelling value-add profile for an owner-operator or 1031 exchange buyer. The property is 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 — positioning tenants to benefit from one of the most transformative projects in the Denver metro area. Downtown Denver is approximately six miles south, giving residents a suburban atmosphere with quick access to the city. The location also offers direct access to US-36 (Boulder Turnpike) and I-76, connecting residents to employment centers across the Front Range.
Property Facts
| Price Per Unit | $170,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 6.61% | Building Size | 4,800 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | ||
| Zoning | R-4 | ||
| Price Per Unit | $170,833 |
| Sale Type | Investment |
| Cap Rate | 6.61% |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Zoning | R-4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
| 2+1.5 | 4 | - | - |
Property Taxes
| Parcel Number | 1719-32-4-18-011 | Improvements Assessment | $63,780 |
| Land Assessment | $4,080 | Total Assessment | $67,860 |
Property Taxes
Parcel Number
1719-32-4-18-011
Land Assessment
$4,080
Improvements Assessment
$63,780
Total Assessment
$67,860
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