9151 Fontaine St - Apartments FOR SALE


Federal Heights, CO 80260
$2,550,000 USD
720-939-2943
9151 Fontaine St, Federal Heights, CO for Sale
$2,550,000 USD
Apartments - FOR SALE
1/16
null | 5.67% Cap Rate

9151 Fontaine St
Federal Heights, CO 80260


HIGHLIGHTS

  • Many recent capital improvements
  • Passive solar energy system already in place
  • Attractive 3.53% assumable debt (still in Interest Only period)
  • New Seller owned laundry equipment
  • New landscaping and exterior common areas

OVERVIEW

9151 Fontaine St. represents a great opportunity for multifamily investors to add a stabilized, cash flowing asset to their portfolio. The property offers a mix of both one bedroom and two bedroom units located in the Federal Heights submarket. The Seller has renovated many of the units while also improving the parking lot, balconies, the laundry room and made the exterior a welcoming space for tenants and their guests. In addition to the many capital improvements the current owner has made during his course of ownership, the property can be purchased with an attractive assumable loan at only 3.53%. This loan is still in its interest only introductory period and will not begin amortizing until June 2024. Contact listing team for more details.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$293 USD /SF

# OF UNITS

15

PRICE/UNIT

$170,000

CAP RATE

5.67%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

R-3, Federal Heights

APN/PARCEL ID

1719-20-4-09-031

ASK ABOUT THIS PROPERTY

Joe HornsteinNorthPeak Commercial AdvisorsMore Info
720-939-2943

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Joe HornsteinNorthPeak Commercial AdvisorsMore Info
720-939-2943

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