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Flats at 37th Place 6700 W 37th Pl 7 Unit Apartment Building $1,330,000 ($190,000/Unit) 5.47% Cap Rate Wheat Ridge, CO 80033
Investment Highlights
- $120k Price Reduction!
- 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
PRICE REDUCED! Beautiful Wheat Ridge Apt Bldg
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$109,800
|
$27.80
|
| Other Income |
$8,986
|
$2.27
|
| Vacancy Loss |
$3,143
|
$0.80
|
| Effective Gross Income |
$115,643
|
$29.28
|
| Taxes |
$6,936
|
$1.76
|
| Operating Expenses |
$36,011
|
$9.12
|
| Total Expenses |
$42,947
|
$10.87
|
| Net Operating Income |
$72,696
|
$18.40
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $109,800 |
| Annual Per SF | $27.80 |
| Other Income | |
|---|---|
| Annual | $8,986 |
| Annual Per SF | $2.27 |
| Vacancy Loss | |
|---|---|
| Annual | $3,143 |
| Annual Per SF | $0.80 |
| Effective Gross Income | |
|---|---|
| Annual | $115,643 |
| Annual Per SF | $29.28 |
| Taxes | |
|---|---|
| Annual | $6,936 |
| Annual Per SF | $1.76 |
| Operating Expenses | |
|---|---|
| Annual | $36,011 |
| Annual Per SF | $9.12 |
| Total Expenses | |
|---|---|
| Annual | $42,947 |
| Annual Per SF | $10.87 |
| Net Operating Income | |
|---|---|
| Annual | $72,696 |
| Annual Per SF | $18.40 |
Property Facts
| Price | $1,330,000 | Apartment Style | Low-Rise |
| Price Per Unit | $190,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 5.47% | Building Size | 3,953 SF |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment |
| Price | $1,330,000 |
| Price Per Unit | $190,000 |
| Sale Type | Investment |
| Cap Rate | 5.47% |
| 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 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $962.50 | 500 |
| 1+1 | 2 | $1,138 | 500 |
| 2+1 | 4 | $1,497 | 650 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 39-252-06-001 | Total Assessment | $92,313 (2025) |
| Land Assessment | $15,469 (2025) | Annual Taxes | $6,936 ($1.75/SF) |
| Improvements Assessment | $76,844 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
39-252-06-001
Land Assessment
$15,469 (2025)
Improvements Assessment
$76,844 (2025)
Total Assessment
$92,313 (2025)
Annual Taxes
$6,936 ($1.75/SF)
Tax Year
2026
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Flats at 37th Place | 6700 W 37th Pl
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