Log In/Sign Up
Your email has been sent.
2970 Eliot Cir 4 Unit Apartment Building $825,000 ($206,250/Unit) 6.08% Cap Rate Westminster, CO 80030
INVESTMENT HIGHLIGHTS
- All 2Bd/1Ba Units
- Private Garage and Storage Space Provide Additional Income
- Proforma Rents Already Being Achieved
- Individually Metered for Gas & Electric
- Low Maintenance, Brick Building with Pitched Roof
- Short Walk (1/2 Mile) to Westminster Light Rail Station
EXECUTIVE SUMMARY
JUST LISTED! 4-Plex in Westminster, All 2Bds. Units are large and individually metered for gas and electric. The property sits on a large, 0.27-acre lot and includes a private garage and storage space that generate additional income. Prime location—just a short walk to the Westminster Light Rail Station and directly across from Northgate, a major planned development.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$66,000
|
$18.76
|
| Other Income |
$4,200
|
$1.19
|
| Vacancy Loss |
$3,510
|
$1.00
|
| Effective Gross Income |
$66,690
|
$18.96
|
| Taxes |
$5,203
|
$1.48
|
| Operating Expenses |
$11,347
|
$3.23
|
| Total Expenses |
$16,550
|
$4.70
|
| Net Operating Income |
$50,140
|
$14.25
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $66,000 |
| Annual Per SF | $18.76 |
| Other Income | |
|---|---|
| Annual | $4,200 |
| Annual Per SF | $1.19 |
| Vacancy Loss | |
|---|---|
| Annual | $3,510 |
| Annual Per SF | $1.00 |
| Effective Gross Income | |
|---|---|
| Annual | $66,690 |
| Annual Per SF | $18.96 |
| Taxes | |
|---|---|
| Annual | $5,203 |
| Annual Per SF | $1.48 |
| Operating Expenses | |
|---|---|
| Annual | $11,347 |
| Annual Per SF | $3.23 |
| Total Expenses | |
|---|---|
| Annual | $16,550 |
| Annual Per SF | $4.70 |
| Net Operating Income | |
|---|---|
| Annual | $50,140 |
| Annual Per SF | $14.25 |
PROPERTY FACTS
| Price | $825,000 | Apartment Style | Low-Rise |
| Price Per Unit | $206,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 6.08% | Building Size | 3,518 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 3.13/1,000 SF |
| Zoning | R-4, Westminster | ||
| Price | $825,000 |
| Price Per Unit | $206,250 |
| Sale Type | Investment |
| Cap Rate | 6.08% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 3,518 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 3.13/1,000 SF |
| Zoning | R-4, Westminster |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 1719-32-4-17-007 | Total Assessment | $45,380 (2024) |
| Land Assessment | $5,820 (2024) | Annual Taxes | $5,203 ($1.48/SF) |
| Improvements Assessment | $39,560 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
1719-32-4-17-007
Land Assessment
$5,820 (2024)
Improvements Assessment
$39,560 (2024)
Total Assessment
$45,380 (2024)
Annual Taxes
$5,203 ($1.48/SF)
Tax Year
2025
1 of 20
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
2970 Eliot Cir
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.