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Grove Gardens 3076 W 71st Way 36 Unit Apartment Building $6,150,000 ($170,833/Unit) 6.52% Cap Rate Westminster, CO 80030

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INVESTMENT HIGHLIGHTS

6.52% Current CAP Rate!!
All 2Bd/1Ba Units on Large, 1 Acre Lot
Favorable SPD Zoning (Specific Plan District) Allows for Multiple Future Redevelopment Options

Priced Well Below Comparable Properties at Just $170k/Unit
Short Walk to Major Planned Developments: Northgate Center (Directly Across Street) and Sherman Redevelopment (1/4 Mile South)
1/4 Mile Walk to Westminster Light Rail Station

EXECUTIVE SUMMARY

JUST LISTED! 36-Unit Property in Westminster, CO; 6.52% Current CAP Rate!

3076 W 71st Way - OM (EMAIL)

FINANCIAL SUMMARY (ACTUAL - 2025)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$614,700	$22.47
Other Income	$5,184	$0.19
Vacancy Loss	$30,994	$1.13
Effective Gross Income	$588,890	$21.52
Taxes	$38,663	$1.41
Operating Expenses	$149,034	$5.45
Total Expenses	$187,697	$6.86
Net Operating Income	$401,193	$14.66

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income
Annual	$614,700
Annual Per SF	$22.47

Other Income
Annual	$5,184
Annual Per SF	$0.19

Vacancy Loss
Annual	$30,994
Annual Per SF	$1.13

Effective Gross Income
Annual	$588,890
Annual Per SF	$21.52

Taxes
Annual	$38,663
Annual Per SF	$1.41

Operating Expenses
Annual	$149,034
Annual Per SF	$5.45

Total Expenses
Annual	$187,697
Annual Per SF	$6.86

Net Operating Income
Annual	$401,193
Annual Per SF	$14.66

PROPERTY FACTS

Price	$6,150,000	Building Class	C
Price Per Unit	$170,833	Lot Size	1.05 AC
Sale Type	Investment	Building Size	27,938 SF
Cap Rate	6.52%	No. Stories	2
No. Units	36	Year Built	1962
Property Type	Multifamily	Parking Ratio	1.5/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise
Zoning	R-3

Price	$6,150,000
Price Per Unit	$170,833
Sale Type	Investment
Cap Rate	6.52%
No. Units	36
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	1.05 AC
Building Size	27,938 SF
No. Stories	2
Year Built	1962
Parking Ratio	1.5/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-3

UNIT AMENITIES

Heating

Kitchen

Range

Handrails

SITE AMENITIES

Laundry Facilities

Trash Pickup - Curbside

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
2+1	36	$1,437	767

1 1

Walk Score®

Very Walkable (81)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	1825-05-2-01-024	Total Assessment	$330,000 (2024)
Land Assessment	$22,780 (2024)	Annual Taxes	$38,663 ($1.38/SF)
Improvements Assessment	$307,220 (2024)	Tax Year	2025