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Aspen Leaf Apartments 6092 Wadsworth Blvd 24 Unit Apartment Building $4,750,000 ($197,917/Unit) 6.84% Cap Rate Arvada, CO 80003
INVESTMENT HIGHLIGHTS
- Can be Purchased with Adjacent Parcels at 6087 Olde Wadsworth Blvd, Arvada (20 Units) and/or 7750 W 61st Ave, Arvada (16 Units)
- Recent Capital Improvements Include: Newer Roof, Windows, Exterior Stairs and Many Interior Updates
- Just 5.11% Historical Vacancy!
- All 2Bd/1Ba Units
- Washer/Dryer Hookups in 50% of Units
- Proforma Rents Already Being Achieved
EXECUTIVE SUMMARY
PRICE REDUCED! 24 Units; All 2Bds; ΒΌ Mile from Olde Town Arvada
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$482,400
|
$24.83
|
| Other Income |
$38,722
|
$1.99
|
| Vacancy Loss |
$26,056
|
$1.34
|
| Effective Gross Income |
$495,066
|
$25.49
|
| Taxes |
$28,017
|
$1.44
|
| Operating Expenses |
$142,036
|
$7.31
|
| Total Expenses |
$170,053
|
$8.75
|
| Net Operating Income |
$325,013
|
$16.73
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $482,400 |
| Annual Per SF | $24.83 |
| Other Income | |
|---|---|
| Annual | $38,722 |
| Annual Per SF | $1.99 |
| Vacancy Loss | |
|---|---|
| Annual | $26,056 |
| Annual Per SF | $1.34 |
| Effective Gross Income | |
|---|---|
| Annual | $495,066 |
| Annual Per SF | $25.49 |
| Taxes | |
|---|---|
| Annual | $28,017 |
| Annual Per SF | $1.44 |
| Operating Expenses | |
|---|---|
| Annual | $142,036 |
| Annual Per SF | $7.31 |
| Total Expenses | |
|---|---|
| Annual | $170,053 |
| Annual Per SF | $8.75 |
| Net Operating Income | |
|---|---|
| Annual | $325,013 |
| Annual Per SF | $16.73 |
PROPERTY FACTS
| Price | $4,750,000 | Building Class | C |
| Price Per Unit | $197,917 | Lot Size | 0.82 AC |
| Sale Type | Investment | Building Size | 19,425 SF |
| Cap Rate | 6.84% | Average Occupancy | 96% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.8/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-M, Arvada | ||
| Price | $4,750,000 |
| Price Per Unit | $197,917 |
| Sale Type | Investment |
| Cap Rate | 6.84% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 19,425 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | R-M, Arvada |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Handrails
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 24 | $1,671 | 800 - 810 |
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 39-111-00-045 | Total Assessment | $289,228 (2024) |
| Land Assessment | $47,863 (2024) | Annual Taxes | $28,017 ($1.44/SF) |
| Improvements Assessment | $241,365 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
39-111-00-045
Land Assessment
$47,863 (2024)
Improvements Assessment
$241,365 (2024)
Total Assessment
$289,228 (2024)
Annual Taxes
$28,017 ($1.44/SF)
Tax Year
2025
MAP
ADDITIONAL PHOTOS
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Plat Map