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5551 S Delaware St 6 Unit Apartment Building $1,299,000 ($216,500/Unit) 6.30% Cap Rate Littleton, CO 80120
EXECUTIVE SUMMARY
5551 S Delaware is a 6 unit apartment building built in 1960 and completely renovated in 2025. Recent improvements include major systems such as roof and electrical as well as interior finishes and in unit laundry. The unit mix is (2) 1Bed/1Bath and (4) 2Bed/1Bath units. All units are separately metered for gas/electric with tenants paying direct. In addition, the property has been xeriscaped to reduce maintenance and cost.
The property sits in a high growth pocket with new development finishing up directly across the street. For the right investor, this is an opportunity to buy a well located property in great condition that will continue to improve over time.
The property sits in a high growth pocket with new development finishing up directly across the street. For the right investor, this is an opportunity to buy a well located property in great condition that will continue to improve over time.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$113,365
|
$26.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$113,365
|
$26.50
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $113,365 |
| Annual Per SF | $26.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $113,365 |
| Annual Per SF | $26.50 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,299,000 | Building Class | C |
| Price Per Unit | $216,500 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,278 SF |
| Cap Rate | 6.30% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.4/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $1,299,000 |
| Price Per Unit | $216,500 |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,278 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.4/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 565 |
| 2+1 | 4 | - | 765 |
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 2077-15-3-03-012 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $60,635 |
PROPERTY TAXES
Parcel Number
2077-15-3-03-012
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$60,635
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5551 S Delaware St
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