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Sprucewood Apartments 3305 S Clarkson St 17 Unit Apartment Building $3,043,000 ($179,000/Unit) 5.76% Cap Rate Englewood, CO 80113

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INVESTMENT HIGHLIGHTS

Sellers Financing is Assumable at a 3.75% Principal & Interest (Loan Amount 60%)
Durable low-maintenance brick exterior, new boiler, and assigned off-street parking
Individually metered for electricity with all-electric appliances; Hot water heat provided by central boiler, individual wall-unit A/C in each unit

17-unit multifamily community built in 1971 with 11,511 SF
(3) two-bedroom, one-bath units and (14) one-bedroom, one-bath units
Landlord-owned laundry facility and private storage units

EXECUTIVE SUMMARY

Value-Add Multifamily; 17 Units in Englewood; Assumable Private Financing Available; Seller's Financing is Assumable at a 3.75% Principal & Interest

Sprucewood Offering Memorandum

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$266,310	$23.14
Other Income	$3,910	$0.34
Vacancy Loss	$13,316	$1.16
Effective Gross Income	$256,904	$22.32
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$81,756	$7.10
Net Operating Income	$175,148	$15.22

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	$266,310
Annual Per SF	$23.14

Other Income
Annual	$3,910
Annual Per SF	$0.34

Vacancy Loss
Annual	$13,316
Annual Per SF	$1.16

Effective Gross Income
Annual	$256,904
Annual Per SF	$22.32

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$81,756
Annual Per SF	$7.10

Net Operating Income
Annual	$175,148
Annual Per SF	$15.22

PROPERTY FACTS

Price	$3,043,000	Building Class	C
Price Per Unit	$179,000	Lot Size	0.25 AC
Sale Type	Investment	Building Size	11,511 SF
Cap Rate	5.76%	No. Stories	3
No. Units	17	Year Built/Renovated	1971/2022
Property Type	Multifamily	Parking Ratio	1.39/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise

Price	$3,043,000
Price Per Unit	$179,000
Sale Type	Investment
Cap Rate	5.76%
No. Units	17
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.25 AC
Building Size	11,511 SF
No. Stories	3
Year Built/Renovated	1971/2022
Parking Ratio	1.39/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.