5851 W 30th Ave - Apartments FOR SALE


Wheat Ridge, CO 80214- Lakeside
$2,650,000 USD
303-903-9638
5851 W 30th Ave, Wheat Ridge, CO for Sale
$2,650,000 USD
Apartments - FOR SALE
1/23
null | 6.74% Cap Rate

5851 W 30th Ave
Wheat Ridge, CO 80214
Lakeside


HIGHLIGHTS

  • Attractive side by side layouts with front and back doors
  • In unit laundry, private patios, and large attached garages
  • Extensive recent updates including roof, electrical panels, exterior, common area
  • Renovated kitchens, bathrooms, and floors
  • Quiet residential pocket surrounded by shopping/dining at 38th, Edgewater Public Market, and Tennyson
  • Separately metered gas/electric - tenants pay direct

OVERVIEW

Willow Grove Apartments is a 12-unit community located in a quiet residential pocket between Sloan’s Lake and main street Wheat Ridge. Tenants enjoy easy access to shopping and dining in all directions at Edgewater Public Market, 38th, or the Tennyson Corridor. The building is composed of two 1 bedrooms, seven 2 bedrooms, and three 3 bedrooms. The units boast premium features including attractive side by side layouts with front and back doors, in unit laundry, a handful of private yards, and large attached garages. There have been extensive recent improvements to both interiors and major systems including new roof, electrical panels, exterior, and common area. Additionally, most units have new kitchens, bathrooms, and floors within the last 2 years. Units are separately metered for gas & electric so tenants pay directly. For the right investor, this is an opportunity to buy an updated building in a strong area that will perform in well in the long run.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$219 USD /SF

# OF UNITS

12

PRICE/UNIT

$220,833

CAP RATE

6.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Willow Grove

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

Commercial

APN/PARCEL ID

39-254-07-012

ASK ABOUT THIS PROPERTY

Jack ShermanNorthPeak Commercial AdvisorsMore Info
303-903-9638

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

Jack ShermanNorthPeak Commercial AdvisorsMore Info
303-903-9638

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