Everett Pines 4510 Everett Ct 6 Unit Apartment Building $1,495,000 ($249,167/Unit) 6.41% Cap Rate Wheat Ridge, CO 80033

4510 Everett Court is in the heart of the 44th & Kipling corridor in Wheat Ridge. The property consists of six townhome-style units, four of which have been fully renovated with high quality materials in the kitchens, bathrooms, flooring, interior paint, carpet, and completely renovated bathrooms. Each townhome features a private backyard, a locked storage shed, and off-street, private parking lot behind the property. With repaved walkups to each door set up back from the street, recent exterior paint, and mailboxes, 4510 Everett Ct is a gem in a coveted, quiet pocket of Wheat Ridge.
All units are spacious two-bedroom, one-and-a-half-bath townhomes of approximately 800 square feet, offering a highly desirable layout for renters. The units are individually metered for gas and electricity, allowing tenants to pay their utilities directly, while ownership only pays for water and trash.
The mature landscaping and well-maintained grounds present a comforting home with strong rental appeal to prospective high-quality residents. This investment offers immediate cash flow, while still providing upside through continued renovations on the remaining two units. Overall, 4510 Everett Ct presents a fantastic opportunity to own a well-maintained, high- demand multifamily asset that offers strong in-place cash flow with additional upside through continued unit renovations, and is in a prime Wheat Ridge location.