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4085 Harlan St 18 Unit Apartment Building $3,200,000 ($177,778/Unit) 5.30% Cap Rate Wheat Ridge, CO 80033
INVESTMENT HIGHLIGHTS
- Diverse unit mix of 8 2-bedroom units, 8 1-bedroom units, and 2-studios
- Major systems have seen significant upgrades under current ownership
- Beautiful shared courtyard
- Terrific location just blocks off of 38th Ave
- New LVP flooring, New double-pane windows, New boiler in 2021, New roof in 2019
EXECUTIVE SUMMARY
4085 Harlan St is an 18-unit apartment building located in Wheat Ridge, CO. It offers a diverse mix of 8 two-bedroom, 8 one-bedroom units, and 2 studio units. The property boasts significant recent system upgrades, including new double-pane windows, a new boiler (2021), a new roof (2019), and updated electrical panels. Its terrific location just blocks off 38th Ave, coupled with a beautiful shared courtyard and new LVP flooring, makes it an attractive investment opportunity with cosmetic value-add upside.
County: Jefferson
Year Built: 1962
# Buildings: 1
# Stories: 2
Total Units: 18
Construction: Masonry
Roof Type: Flat
Gross Building SF: 13,502
Lot SF: 27,443
Parking: Surface | 30 Spaces
Air Conditioning: Window
Heating: Boiler
Water/Sewer: Master
Electric/Gas: Individual/Master
County: Jefferson
Year Built: 1962
# Buildings: 1
# Stories: 2
Total Units: 18
Construction: Masonry
Roof Type: Flat
Gross Building SF: 13,502
Lot SF: 27,443
Parking: Surface | 30 Spaces
Air Conditioning: Window
Heating: Boiler
Water/Sewer: Master
Electric/Gas: Individual/Master
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $177,778 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.63 AC |
| Cap Rate | 5.30% | Building Size | 13,502 SF |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 2.22/1,000 SF |
| Price | $3,200,000 |
| Price Per Unit | $177,778 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 13,502 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 2.22/1,000 SF |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $1,050 | 450 |
| 1+1 | 8 | $1,400 | 600 |
| 2+1 | 8 | $1,650 | 800 |
1 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 39-243-00-019 | Total Assessment | $187,345 |
| Land Assessment | $36,772 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $150,573 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
39-243-00-019
Land Assessment
$36,772
Improvements Assessment
$150,573
Total Assessment
$187,345
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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4085 Harlan St
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