7710 W 35th Ave - Apartments FOR SALE


Wheat Ridge, CO 80033- Bel Aire
$2,050,000 USD
303-903-9638
7710 W 35th Ave, Wheat Ridge, CO for Sale
$2,050,000 USD
Apartments - FOR SALE
1/13
null | 6.04% Cap Rate

7710 W 35th Ave
Wheat Ridge, CO 80033
Bel Aire


HIGHLIGHTS

  • Large units with walk in closets, granite countertops, vaulted ceilings, skylights, and patios/balconies
  • Located in high growth pocket near Wadsworth Improvement Project, 38th Corridor Development Plan, and Green at 38th
  • Attractive 2:1 off street parking ratio
  • Separately metered electric – tenants pay direct

OVERVIEW

The Crescent Apartments at 7710 W 35th Ave. consist of 10 units built in 1974 and largely renovated in 2021. The unit mix is composed of (6) 1 bedrooms and (4) 2 bedrooms. The majority of units feature premium layouts with high end finishes, granite countertops, walk in closets, skylights, and patios/balconies. There have been extensive recent improvements including 7 units renovated 2021, new roof 2017, new windows 2017, updated electrical panels, new exterior paint 2020, new signage 2020, landscaping improvements 2022, updated parking lot 2022, and updated laundry room 2022. The property sits in a high growth pocket near Wadsworth Improvement Project, 38th Corridor Development Plan, and Green at 38th. The units are separately metered for electric and tenants pay direct. There is community laundry on site as well as an attractive 2:1 off street parking ratio. For the right investor, this is a great opportunity to buy a clean deal in a strong location that will continue to improve over time.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$266 USD /SF

# OF UNITS

10

PRICE/UNIT

$205,000

CAP RATE

6.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Crescent Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

C

APN/PARCEL ID

39-262-00-017

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 Policy.

Jack ShermanNorthPeak Commercial AdvisorsMore Info
303-903-9638

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