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Flats at 37th Place 6700 W 37th Pl 7 Unit Apartment Building $1,450,000 ($207,143/Unit) 6.01% Cap Rate Wheat Ridge, CO 80033

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INVESTMENT HIGHLIGHTS

Just 0.20% Historical Vacancy – Rent Upside!
Updated Interiors with Beautiful Hardwood Floors
Individual Tenant Storage Lockers

Excellent Mix of Studios, 1Bd and 2Bd Units
Priced Well Below Comparable Properties
Attractive Curb Appeal on Corner Lot

EXECUTIVE SUMMARY

JUST LISTED! Beautiful Wheat Ridge Apt Bldg; Low Historical Vacancy

6700 W 37th Place - OM (EMAIL)

FINANCIAL SUMMARY (PRO FORMA - 2026)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$124,200	$31.44
Other Income	$8,666	$2.19
Vacancy Loss	$3,986	$1.01
Effective Gross Income	$128,880	$32.63
Taxes	$7,080	$1.79
Operating Expenses	$34,586	$8.76
Total Expenses	$41,666	$10.55
Net Operating Income	$87,214	$22.08

FINANCIAL SUMMARY (PRO FORMA - 2026)

Gross Rental Income
Annual	$124,200
Annual Per SF	$31.44

Other Income
Annual	$8,666
Annual Per SF	$2.19

Vacancy Loss
Annual	$3,986
Annual Per SF	$1.01

Effective Gross Income
Annual	$128,880
Annual Per SF	$32.63

Taxes
Annual	$7,080
Annual Per SF	$1.79

Operating Expenses
Annual	$34,586
Annual Per SF	$8.76

Total Expenses
Annual	$41,666
Annual Per SF	$10.55

Net Operating Income
Annual	$87,214
Annual Per SF	$22.08

PROPERTY FACTS

Price	$1,450,000	Apartment Style	Low-Rise
Price Per Unit	$207,143	Building Class	C
Sale Type	Investment	Lot Size	0.28 AC
Cap Rate	6.01%	Building Size	3,953 SF
No. Units	7	No. Stories	1
Property Type	Multifamily	Year Built	1956
Property Subtype	Apartment

Price	$1,450,000
Price Per Unit	$207,143
Sale Type	Investment
Cap Rate	6.01%
No. Units	7
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.28 AC
Building Size	3,953 SF
No. Stories	1
Year Built	1956

SITE AMENITIES

Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
Studios	1	$1,175	500
1+1	2	$1,328	500
2+1	4	$1,547	650

1 1

Walk Score®

Very Walkable (78)

Bike Score®

Very Bikeable (75)

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	39-252-06-001	Total Assessment	$80,736 (2024)
Land Assessment	$16,583 (2024)	Annual Taxes	$7,080 ($1.79/SF)
Improvements Assessment	$64,153 (2024)	Tax Year	2026