Log In/Sign Up
Your email has been sent.
Asbury Gardens 4640 E Asbury Cir 22 Unit Apartment Building $3,875,000 ($176,136/Unit) 6.19% Cap Rate Denver, CO 80222
Investment Highlights
- All units updated in 2020-2021 ($300k spent)
- On-site common laundry for tenant use (seller owned)
- 3 off-street parking spaces (additional income)
- Individual furnace/hot water in units, tenants billed directly
- Tenants pay for gas/unit electric directly; billed back for water/sewer/trash
- Assumable debt at 2.95%
Executive Summary
NorthPeak Commercial Real Estate Advisors is pleased to present Asbury Gardens, a turn-key 22-unit apartment community with (2) 1Bd/1Ba units, (19) 2Bd/1Ba units and (1) 3Bd/1Ba unit. All units show very well having received a total renovation since 2021 by current ownership.
Asbury Gardens is well-located between Cherry Creek and the Denver Tech Center (DTC) with great access to all of Denver. Tenants are also a short walk to the RTD Light Rail via a pedestrian bridge that begins just steps from the front of the property. The asset also offers great curb appeal with a mid century aesthetic and a nicely landscaped courtyard that anchors this quiet community.
Finally, Asbury Gardens is brought to market with the option of assumable debt at just 2.95%. Please contact listing brokers for details and showings.
Asbury Gardens is well-located between Cherry Creek and the Denver Tech Center (DTC) with great access to all of Denver. Tenants are also a short walk to the RTD Light Rail via a pedestrian bridge that begins just steps from the front of the property. The asset also offers great curb appeal with a mid century aesthetic and a nicely landscaped courtyard that anchors this quiet community.
Finally, Asbury Gardens is brought to market with the option of assumable debt at just 2.95%. Please contact listing brokers for details and showings.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$379,147
|
$23.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$379,147
|
$23.73
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $379,147 |
| Annual Per SF | $23.73 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $379,147 |
| Annual Per SF | $23.73 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $3,875,000 | Apartment Style | Low-Rise |
| Price Per Unit | $176,136 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Cap Rate | 6.19% | Building Size | 15,980 SF |
| No. Units | 22 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | ||
| Zoning | S-MU-5 - Residential | ||
| Price | $3,875,000 |
| Price Per Unit | $176,136 |
| Sale Type | Investment |
| Cap Rate | 6.19% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 15,980 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Zoning | S-MU-5 - Residential |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 630 |
| 2+1 | 19 | - | 662 |
| 3+1 | 1 | - | 850 |
1 1
Walk Score®
Very Walkable (71)
Property Taxes
| Parcel Number | 6302-23-009 | Improvements Assessment | $261,230 (2024) |
| Land Assessment | $14,550 (2024) | Total Assessment | $275,780 (2024) |
Property Taxes
Parcel Number
6302-23-009
Land Assessment
$14,550 (2024)
Improvements Assessment
$261,230 (2024)
Total Assessment
$275,780 (2024)
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Asbury Gardens | 4640 E Asbury 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.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.