Property Features
• 6.52% Current CAP Rate!!
• Priced Well Below Comparable Properties at Just $170k/Unit
• All 2Bd/1Ba Units on Large, 1 Acre Lot
• Short Walk to Major Planned Developments: Northgate Center (Directly Across Street) and Sherman
Redevelopment (1/4 Mile South)
• Short, 1/4 Mile Walk to Westminster Light Rail Station
• Favorable SPD Zoning (Specific Plan District) Allows for Multiple Future Redevelopment Options
• Proforma Rents Already Being Achieved & Surpassed
• Individually Metered for Gas and Electric
• Low Maintenance, Brick Buildings with Pitched Roofs
• Front and Rear Entrances
• Quick Access to US Hwy 36, Downtown Denver, Interlocken and Boulder
27,938 Sq Ft
1.05 Private Acres Lot Size
Commercial
$38,663 Annual Tax
Built in 1962
MLS/Listing ID 1568776
Grove Gardens
2 Stories
36 Units
Construction - Frame
Lot - Near Public Transit
Composition

Source of Data: RECOLORADO
TOTAL MONTHLY COST
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