3605 Pierce St - Apartments FOR SALE


Wheat Ridge, CO 80033
$1,995,000 USD
303-210-1623
3605 Pierce St, Wheat Ridge, CO for Sale
$1,995,000 USD
Apartments - FOR SALE
1/10
null | 5.24% Cap Rate

3605 Pierce St
Wheat Ridge, CO 80033


HIGHLIGHTS

  • Great Wheat Ridge location
  • Large corner lot
  • 8 of the 10 units have been renovated
  • Laundry on-site

OVERVIEW

3605 Pierce Street in Wheat Ridge is a 10-unit property consisting of 4 one-bedroom units and 6 two-bedroom units. Eight of the 10 units have been recently renovated. Currently, the property is renting below market rates given the quality of the units. The location is highly desirable, situated near the heart of the walkable Wheat Ridge area, where tenants can enjoy easy access to local amenities while being surrounded by single-family homes, giving the property a strong neighborhood feel. Most units feature both front and back entries, offering a more private, homelike atmosphere compared to typical apartment layouts. This is an excellent opportunity to acquire a well-maintained asset in a prime location.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

10

PRICE/UNIT

$199,500

CAP RATE

5.24%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,130 SF

ZONING

R-3, Wheat Ridge

APN/PARCEL ID

39-261-00-086

ASK ABOUT THIS PROPERTY

Matthew LewallenNorthPeak Commercial AdvisorsMore Info
303-210-1623

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Matthew LewallenNorthPeak Commercial AdvisorsMore Info
303-210-1623

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