4450 Holland St - Apartments FOR SALE


Wheat Ridge, CO 80033- Kipling
$3,395,000 USD
303-903-9638
4450 Holland St, Wheat Ridge, CO for Sale
$3,395,000 USD
Apartments - FOR SALE
1/17
null | 5.61% Cap Rate

4450 Holland St
Wheat Ridge, CO 80033
Kipling


HIGHLIGHTS

  • Extra large 2Bd/1Ba units
  • New A/C units, domestic hot water boiler, parking lot, and double-pane thermoinsulated windows
  • 13 new development projects within 1 mile including Sprouts and Natural Grocers
  • Easy access to I-70, Downtown Denver, Boulder, and the mountains
  • Individual furnaces and in wall AC
  • Separately metered gas/electric – tenants pay direct

OVERVIEW

4450 Holland is a 16 unit apartment community built in 1962. The units are composed entirely of extra large 2Bd/1Ba units. There have been recent updates to A/C units, domestic hot water boiler, parking lot, and double-pane thermo-insulated windows. This low vacancy submarket has seen strong growth with 13 new development projects within 1 mile including a Sprouts and Natural Grocers. Tenants enjoy easy access to I-70, Downtown Denver, Boulder, and the mountains. Each unit has individual furnaces and in-wall A/C. The units are separately metered for gas & electric, which tenants pay directly in addition to a $100/month utility billback for water, sewer, and trash.

FOR SALE DETAILS

PRICE

$3,395,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

16

PRICE/UNIT

$212,188

CAP RATE

5.61%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

-

APN/PARCEL ID

39-222-07-008

ASK ABOUT THIS PROPERTY

Jack ShermanNorthPeak Commercial AdvisorsMore Info
303-903-9638

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Jack ShermanNorthPeak Commercial AdvisorsMore Info
303-903-9638

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