2831 Eliot Cir - Apartments FOR SALE


Westminster, CO 80030
$1,025,000 USD
720-939-2943
2831 Eliot Cir, Westminster, CO for Sale
$1,025,000 USD
Apartments - FOR SALE
1/17
null | 6.61% Cap Rate

2831 Eliot Cir
Westminster, CO 80030


OVERVIEW

NorthPeak Commercial Advisors is pleased to present the exclusive opportunity to acquire 2831 Eliot Circle, a six-unit townhome community, located in the Midtown submarket of Westminster, Colorado. The ownership group is also open to selling an adjacent 6-unit building. Please inquire if you have an interest. The property includes (1) 1Br/1Ba, (1) 2Br/1Ba and (4) 2Br/1.5Ba units. The 2br/1.5ba units are two story, townhome style layouts offering space, private entries and additional bathrooms that tenants prioritize. Built in 1962, the community sits on a large 9,375 SF lot zoned R-4, presenting a compelling value-add profile for an owner-operator or 1031 exchange buyer. The property is located less than a mile from the Westminster Station Transit-Oriented Development (TOD) — a 135-acre master-planned redevelopment anchored by RTD’s B Line rail station — positioning tenants to benefit from one of the most transformative projects in the Denver metro area. Downtown Denver is approximately six miles south, giving residents a suburban atmosphere with quick access to the city. The location also offers direct access to US-36 (Boulder Turnpike) and I-76, connecting residents to employment centers across the Front Range.

FOR SALE DETAILS

PRICE

$1,025,000 USD

PRICE/SF

$214 USD /SF

# OF UNITS

6

PRICE/UNIT

$170,833

CAP RATE

6.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,375 SF

ZONING

R-4

APN/PARCEL ID

1719-32-4-18-011

ASK ABOUT THIS PROPERTY

Joe HornsteinNorthPeak Commercial AdvisorsMore Info
720-939-2943

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Joe HornsteinNorthPeak Commercial AdvisorsMore Info
720-939-2943

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