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Serendipity Suites 800 Oak St 23 Unit Apartment Building $2,200,000 ($95,652/Unit) 5.61% Cap Rate Del Norte, CO 81132
INVESTMENT HIGHLIGHTS
- front-facing gazebo
EXECUTIVE SUMMARY
Own Serendipity Suites—A Unique Investment Opportunity!
This fully renovated building now offers 23 Units, including 21 all-inclusive furnished suites and 2 unfurnished apartments, totaling 26,606 Sq. Ft. With modern amenities like washer/dryers in each unit, security features for peace of mind, and ample parking. Serendipity Suites is the perfect investment for a multi-use property. Set on 2.06 Acres, the property also features a front-facing gazebo, ideal for gatherings. It’s perfect for a variety of uses. In addition to residential units, there is an attached 12,952 Sq. Ft. gymnasium. Schedule a showing today!
Seller is an active licensed real estate agent in the state of Colorado.
This fully renovated building now offers 23 Units, including 21 all-inclusive furnished suites and 2 unfurnished apartments, totaling 26,606 Sq. Ft. With modern amenities like washer/dryers in each unit, security features for peace of mind, and ample parking. Serendipity Suites is the perfect investment for a multi-use property. Set on 2.06 Acres, the property also features a front-facing gazebo, ideal for gatherings. It’s perfect for a variety of uses. In addition to residential units, there is an attached 12,952 Sq. Ft. gymnasium. Schedule a showing today!
Seller is an active licensed real estate agent in the state of Colorado.
PROPERTY FACTS
| Price | $2,200,000 | Building Class | C |
| Price Per Unit | $95,652 | Lot Size | 2.17 AC |
| Sale Type | Investment | Building Size | 39,558 SF |
| Cap Rate | 5.61% | Average Occupancy | 48% |
| No. Units | 23 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1998/2023 |
| Property Subtype | Apartment | Parking Ratio | 0.91/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R1 - Residential Medium-Density Zone | ||
| Price | $2,200,000 |
| Price Per Unit | $95,652 |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.17 AC |
| Building Size | 39,558 SF |
| Average Occupancy | 48% |
| No. Stories | 2 |
| Year Built/Renovated | 1998/2023 |
| Parking Ratio | 0.91/1,000 SF |
| Zoning | R1 - Residential Medium-Density Zone |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Wi-Fi
- Grill
- Coffee System
- Skylights
- Wheelchair Accessible (Rooms)
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Security System
- Furnished Units Available
- Grill
- Gas Range
- Wi-Fi
- Community-Wide WiFi
- Elevator
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 18 | - | - |
| 2+1 | 5 | - | - |
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PROPERTY TAXES
| Parcel Number | 1531038001 | Improvements Assessment | $87,294 |
| Land Assessment | $7,352 | Total Assessment | $94,646 |
PROPERTY TAXES
Parcel Number
1531038001
Land Assessment
$7,352
Improvements Assessment
$87,294
Total Assessment
$94,646
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Presented by
Aardvark Rentals LLC
Serendipity Suites | 800 Oak St
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