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Olde Town Terrace Apartments 6087 Wadsworth Blvd 20 Unit Apartment Building $3,950,000 ($197,500/Unit) 6.55% Cap Rate Arvada, CO 80003

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INVESTMENT HIGHLIGHTS

Can be Purchased with Adjacent Parcels at 6090 Olde Wadsworth Blvd, Arvada (24 Units) and/or 7750 W 61st Ave, Arvada (16 Units)
Recent Capital Improvements Include: Newer Roof, Windows, Sliders, Stucco, Parking Lot & Updated Interiors
Priced Well Below Replacement Cost at Only $165/SF

Mostly 2Bd/1Ba Units
Washer/Dryer Hookups in 60% of Units
Proforma Rents Already Being Achieved

EXECUTIVE SUMMARY

PRICE REDUCED! 20 Units Near Olde Town Arvada; Mostly 2Bd/1Ba

Olde Town Terrace - OM (EMAIL)

FINANCIAL SUMMARY (PRO FORMA - 2025)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$393,600	$16.53
Other Income	$27,427	$1.15
Vacancy Loss	$21,051	$0.88
Effective Gross Income	$399,976	$16.80
Taxes	$23,288	$0.98
Operating Expenses	$117,979	$4.96
Total Expenses	$141,267	$5.93
Net Operating Income	$258,709	$10.87

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income
Annual	$393,600
Annual Per SF	$16.53

Other Income
Annual	$27,427
Annual Per SF	$1.15

Vacancy Loss
Annual	$21,051
Annual Per SF	$0.88

Effective Gross Income
Annual	$399,976
Annual Per SF	$16.80

Taxes
Annual	$23,288
Annual Per SF	$0.98

Operating Expenses
Annual	$117,979
Annual Per SF	$4.96

Total Expenses
Annual	$141,267
Annual Per SF	$5.93

Net Operating Income
Annual	$258,709
Annual Per SF	$10.87

PROPERTY FACTS

Price	$3,950,000	Apartment Style	Low-Rise
Price Per Unit	$197,500	Building Class	C
Sale Type	Investment	Lot Size	0.71 AC
Cap Rate	6.55%	Building Size	23,806 SF
No. Units	20	No. Stories	2
Property Type	Multifamily	Year Built	1971
Property Subtype	Apartment	Parking Ratio	1.34/1,000 SF
Zoning	R-M, Arvada

Price	$3,950,000
Price Per Unit	$197,500
Sale Type	Investment
Cap Rate	6.55%
No. Units	20
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.71 AC
Building Size	23,806 SF
No. Stories	2
Year Built	1971
Parking Ratio	1.34/1,000 SF
Zoning	R-M, Arvada

UNIT AMENITIES

Air Conditioning
Balcony

Kitchen
Handrails

Lawn

Patio

SITE AMENITIES

24 Hour Access
Controlled Access

Recycling

Walk-Up

Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
1+1	2	$1,315	725

1 of 1

Walk Score®

Very Walkable (74)

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, Transit Score® & Bike Score?

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of any address. Transit Score®

measures access to public transit. Bike Score®

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PROPERTY TAXES

Parcel Number	39-112-00-016	Total Assessment	$240,409 (2024)
Land Assessment	$41,442 (2024)	Annual Taxes	$23,288 ($0.98/SF)
Improvements Assessment	$198,967 (2024)	Tax Year	2025