9518 E 109th Dr - Apartments FOR SALE


Commerce City, CO 80640
$3,750,000 USD
303-481-2875
9518 E 109th Dr, Commerce City, CO for Sale
$3,750,000 USD
Apartments - FOR SALE
1/61
null | 5.08% Cap Rate

9518 E 109th Dr
Commerce City, CO 80640


HIGHLIGHTS

  • Townhome product - very desirable for renters across the spectrum
  • 2016 construction with recent modern renovations - all major systems and roofs have significant life left
  • Individually metered for gas and electric with central A/C
  • Ability to increase rents over tenure of ownership
  • Incredible neighborhood and community

OVERVIEW

Belle Creek Commons is a well-maintained townhome community in the beautiful Belle Creek neighborhood, just 20 minutes from Downtown Denver. This property includes 10 Large townhomes—eight 2-bedroom, 2.5-bath units and two 3-bedroom, 2.5-bath units—all featuring attached 2-car garages with direct access and private balconies. This is the first time the property is being taken to market since constructed, with several units having recently undergone cosmetic upgrades. Since 2016, rents have steadily increased, with most utilities and non-controllable expenses now recaptured through tenant reimbursements. Residents enjoy full access to the Belle Creek Community Center, parks, and the nearby Belle Creek Charter School (admission is not guaranteed, subject to admission requirements and space), making the community attractive to families and long-term renters. As home ownership continues to become increasingly more difficult to obtain, renting large townhomes in single-family communities becomes increasingly attractive, making this a very stable long term investment for a buyer.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$188 USD /SF

# OF UNITS

10

PRICE/UNIT

$375,000

CAP RATE

5.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Belle Creek Commons

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2016

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,542 SF

ZONING

-

APN/PARCEL ID

1721-10-1-04-032,1721-10-1-04-033,1721-10-1-04-034,1721-10-1-04-035,1721-10-1-04-036,1721-10-1-04-037,1721-10-1-04-038,1721-10-1-04-039,1721-10-1-04-040,1721-10-1-04-041

ASK ABOUT THIS PROPERTY

Andrew VollertKaufman HaganMore Info
303-481-2875

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Andrew VollertKaufman HaganMore Info
303-481-2875

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