6499 W 38th Ave - Apartments FOR SALE


Wheat Ridge, CO 80033- Barths
$3,100,000 USD
303-962-9543
6499 W 38th Ave, Wheat Ridge, CO for Sale
$3,100,000 USD
Apartments - FOR SALE
1/26
null | 5.72% Cap Rate

6499 W 38th Ave
Wheat Ridge, CO 80033
Barths


HIGHLIGHTS

  • All electrical panels replaced; Newer windows
  • 75% of the units have been updated (flooring, kitchens, bathrooms)
  • Unique unit layouts with large, walk-in closets in every unit
  • Covered parking
  • Seller carry option available
  • Assumable financing available

OVERVIEW

The Knowlton Lawson Team is pleased to offer the exclusive opportunity to acquire the Marshall Manor Apartments, a 14-unit complex featuring 6 one-bedroom, one-bath units and 8 two-bedroom, one-bath units. Seventy-five percent of the units have been recently updated with new flooring, modernized kitchens, and renovated bathrooms. Additional property upgrades include new windows and electrical panels. Residents benefit from convenient access to nearby grocery stores such as Safeway, King Soopers, Sprouts, and Walmart, all within a mile of the property. With easy access to I-70, tenants enjoy quick commutes to Downtown Denver or can easily head to the mountains for a weekend retreat. These improvements, combined with the property’s prime location, make Marshall Manor Apartments an attractive option for long-term tenants, ensuring strong tenant retention and potential for increased rental rates. • Seller carry option available • Assumable financing available

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

14

PRICE/UNIT

$221,429

CAP RATE

5.72%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marshall Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,390 SF

ZONING

R-3

APN/PARCEL ID

39-243-00-045

ASK ABOUT THIS PROPERTY

Jim KnowltonPinnacle Real Estate AdvisorsMore Info
303-962-9543

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Jim KnowltonPinnacle Real Estate AdvisorsMore Info
303-962-9543

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