7121-7141 Samuel Dr - Apartments FOR SALE


Denver, CO 80221
$7,450,000 USD
720-738-1943
7121-7141 Samuel Dr, Denver, CO for Sale
$7,450,000 USD
Apartments - FOR SALE
1/39
null | 6.28% Cap Rate

7121-7141 Samuel Dr
Denver, CO 80221


HIGHLIGHTS

  • Turnkey deal - attractive returns in the mid 6 CA P range
  • Highly renovated interiors – one of the more attractive housing options in the area
  • Built in 1970-72 with extensive recent improvements including roof, electrical, plumbing, windows, exterior stairs, exterior paint, landscaping
  • Located near Highway 36 with great accessibility to Downtown Denver and Boulder
  • Property falls into Adams County and is not subject to Denver landlord laws
  • Separately metered electric – tenants pay direct

OVERVIEW

Midtown Gardens is a turnkey investment opportunity totaling 34 units and weighted towards renovated 1 bedrooms. Originally built in 1970-1972, the property has undergone extensive renovation totaling well over $1,000,000 in costs. Capital improvements in the past 2 years include roof, electrical, plumbing, windows, exterior stairs, exterior paint, landscaping, concrete, and more. In addition, all 34 interiors have been renovated with high end finishes, making this one of the most attractive workforce housing options in the area. Tenants enjoy easy access to Downtown Denver and Boulder via nearby Highway 36. However, the subject property actually falls into Adams county and is therefore not subject to many of Denver’s landlord laws. For the right investor, this is an opportunity to buy a clean deal with attractive returns in the mid 6 CAP range.

FOR SALE DETAILS

PRICE

$7,450,000 USD

PRICE/SF

$408 USD /SF

# OF UNITS

34

PRICE/UNIT

$219,118

CAP RATE

6.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Samuel Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

R-4

APN/PARCEL ID

1825-04-2-02-024,1825-04-2-02-025

ASK ABOUT THIS PROPERTY

Hunter SchaeferNorthPeak Commercial AdvisorsMore Info
720-738-1943

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Hunter SchaeferNorthPeak Commercial AdvisorsMore Info
720-738-1943

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