10717 W 38th Ave - Apartments FOR SALE


Wheat Ridge, CO 80033- Applewood Villages
$1,699,000 USD
303-962-9555
10717 W 38th Ave, Wheat Ridge, CO for Sale
$1,699,000 USD
Apartments - FOR SALE
1/25
null | 7.47% Cap Rate

10717 W 38th Ave
Wheat Ridge, CO 80033
Applewood Villages


HIGHLIGHTS

  • 7.47% Current CAP Rate!!
  • All Large, Beautifully Renovated Two-Story Townhome- Style Units with Private Yards
  • Recent Capital Improvements Include New Roof (2017), Windows & Siding (2019), Parking Lot (2021), and Individual Patio Updates (2021)
  • Fully Renovated Interiors Featuring New Kitchen Cabinets, Granite Countertops, Updated Flooring, Remodeled Bathrooms, and More
  • Just 0.20% Vacancy (Trailing 12 Months)
  • Tenant Storage Lockers and Community BBQ Area

OVERVIEW

Applewood Townhomes is a rare investment opportunity featuring 7 fully renovated, large two-story townhome-style units with private yards located in the desirable West Wheat Ridge/Applewood submarket.? The property boasts an impressive 7.47% current CAP rate and just 0.20% vacancy over the trailing 12 months, demonstrating exceptional stability and demand.? Recent capital improvements include a new roof installed in 2017, windows and siding replaced in 2019, parking lot resurfacing in 2021, and individual patio updates in 2021.? The interiors have been fully renovated featuring new kitchen cabinets, granite countertops, updated flooring, remodeled bathrooms, and more.? Additional amenities include tenant storage lockers and a community BBQ area.?

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$255 USD /SF

# OF UNITS

7

PRICE/UNIT

$242,714

CAP RATE

7.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,394 SF

ZONING

-

APN/PARCEL ID

39-214-09-007

ASK ABOUT THIS PROPERTY

Josh NewellPinnacle Real Estate AdvisorsMore Info
303-962-9555

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Josh NewellPinnacle Real Estate AdvisorsMore Info
303-962-9555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.