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Ridgewood 3300 S Clarkson St 10 Unit Apartment Building $1,750,000 ($175,000/Unit) 6.36% Cap Rate Englewood, CO 80113
INVESTMENT HIGHLIGHTS
- South-facing, garden-style walk-up in Downtown Englewood’s Wellness District
- Individually metered for electricity with all-electric appliances; Hot water heat provided by central boiler, individual wall-unit A/C in each unit
- Mature landscaping and patio area enhance residential appeal
- (3) two-bedroom, one-bath units and (7) one-bedroom, one-bath units
- Landlord-owned laundry facility and private storage for each unit
- Corner lot with strong visibility on E Floyd Ave & Clarkson Street
EXECUTIVE SUMMARY
Value-Add 10-Unit Multifamily Property in the Health and Wellness District of Downtown Englewood. Can be purchased with 3305 S Clarkson St (17 units.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$162,420
|
$23.80
|
| Other Income |
$9,520
|
$1.40
|
| Vacancy Loss |
$8,121
|
$1.19
|
| Effective Gross Income |
$163,819
|
$24.01
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$52,470
|
$7.69
|
| Net Operating Income |
$111,349
|
$16.32
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $162,420 |
| Annual Per SF | $23.80 |
| Other Income | |
|---|---|
| Annual | $9,520 |
| Annual Per SF | $1.40 |
| Vacancy Loss | |
|---|---|
| Annual | $8,121 |
| Annual Per SF | $1.19 |
| Effective Gross Income | |
|---|---|
| Annual | $163,819 |
| Annual Per SF | $24.01 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $52,470 |
| Annual Per SF | $7.69 |
| Net Operating Income | |
|---|---|
| Annual | $111,349 |
| Annual Per SF | $16.32 |
PROPERTY FACTS
| Price | $1,750,000 | Building Class | C |
| Price Per Unit | $175,000 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 6,823 SF |
| Cap Rate | 6.36% | No. Stories | 2 |
| No. Units | 10 | Year Built | 1971 |
| Property Type | Multifamily | Parking Ratio | 1.47/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MU-R-3-C | ||
| Price | $1,750,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 6.36% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 6,823 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.47/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MU-R-3-C |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | 560 - 650 |
| 2+1 | 3 | - | 740 - 960 |
PROPERTY TAXES
| Parcel Number | 1971-35-3-22-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $110,215 |
PROPERTY TAXES
Parcel Number
1971-35-3-22-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$110,215
MAP
ADDITIONAL PHOTOS
1U0A7829
1U0A7854
1U0A7864
1U0A7869
1U0A7874
1U0A7879
1U0A7884
1U0A7884_back
1U0A7899
1U0A7899_back 2
1U0A7904
DJI_0242_3_4_5_6Interior2
DJI_0252_3_4_5_6Interior2
DJI_0262_3_4_5_6Interior2
DJI_0267_68_69_70_71Interior2
DJI_0272_3_4_5_6Interior2
DJI_0277_78_79_80_81Interior2
DJI_0282_3_4_5_6Interior2
DJI_0287_88_89_90_91Interior2
DJI_0297_298_299_300_301Interior2
DJI_0307_08_09_10_11Interior2
204_Bedroom
204_Bathroom
204_Living
204_Kitchen
204_Entryway
204_Dining_Area