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2926-2932 Eliot cir 8 Unit Apartment Building $1,400,000 ($175,000/Unit) 6.29% Cap Rate Westminster, CO 80030
EXECUTIVE SUMMARY
Introducing an exceptional investment opportunity in Westminster, CO! This impressive property encompasses two 3518 SF buildings totaling 8 units, ideal for a savvy multifamily/low-rise investor. Built in 1962, the property is located in a desirable R-4 zoned area and currently offers 50% occupancy, presenting an attractive leasing upside potential. With its well-maintained structure and prime location in Westminster, this property is poised to deliver a strong return on investment. Don't miss the chance to capitalize on this promising multifamily opportunity in a sought-after area for real estate investment.
PROPERTY FACTS
| Price | $1,400,000 | Property Subtype | Apartment |
| Price Per Unit | $175,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.29% | Lot Size | 0.28 AC |
| Sale Condition | 1031 Exchange | Building Size | 9,187 SF |
| Gross Rent Multiplier | 18.99 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1962 |
| Property Type | Multifamily | ||
| Zoning | R-4 | ||
| Price | $1,400,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 6.29% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 18.99 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 9,187 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Zoning | R-4 |
AMENITIES
UNIT AMENITIES
- Disposal
- Heating
- Kitchen
- Instant Hot Water
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Trash Pickup - Curbside
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
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Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $127,700 | |
| Land Assessment | $37,590 | Total Assessment | $165,290 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$37,590
Improvements Assessment
$127,700
Total Assessment
$165,290
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2926-2932 Eliot cir
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