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Marshall Manor Apartments 6499 W 38th Ave 14 Unit Apartment Building $3,100,000 ($221,429/Unit) 5.72% Cap Rate Wheat Ridge, CO 80033

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INVESTMENT HIGHLIGHTS

All electrical panels replaced; Newer windows
Unique unit layouts with large, walk-in closets in every unit
Seller carry option available

75% of the units have been updated (flooring, kitchens, bathrooms)
Covered parking
Assumable financing available

EXECUTIVE SUMMARY

The Knowlton Lawson Team is pleased to offer the exclusive opportunity to acquire the Marshall Manor Apartments, a 14-unit complex featuring 6 one-bedroom, one-bath units and 8 two-bedroom, one-bath units. Seventy-five percent of the units have been recently updated with new flooring, modernized kitchens, and renovated bathrooms. Additional property upgrades include new windows and electrical panels. Residents benefit from convenient access to nearby grocery stores such as Safeway, King Soopers, Sprouts, and Walmart, all within a mile of the property. With easy access to I-70, tenants enjoy quick commutes to Downtown Denver or can easily head to the mountains for a weekend retreat. These improvements, combined with the property’s prime location, make Marshall Manor Apartments an attractive option for long-term tenants, ensuring strong tenant
retention and potential for increased rental rates. • Seller carry option available • Assumable financing available

6499w_38th_Avenue_OM_KnowltonLawson

FINANCIAL SUMMARY (PRO FORMA - 2025)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$262,800	$17.68
Other Income	$21,630	$1.45
Vacancy Loss	$13,140	$0.88
Effective Gross Income	$271,290	$18.25
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$79,243	$5.33
Net Operating Income	$192,047	$12.92

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income
Annual	$262,800
Annual Per SF	$17.68

Other Income
Annual	$21,630
Annual Per SF	$1.45

Vacancy Loss
Annual	$13,140
Annual Per SF	$0.88

Effective Gross Income
Annual	$271,290
Annual Per SF	$18.25

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$79,243
Annual Per SF	$5.33

Net Operating Income
Annual	$192,047
Annual Per SF	$12.92

PROPERTY FACTS

Price	$3,100,000	Building Class	C
Price Per Unit	$221,429	Lot Size	0.51 AC
Sale Type	Investment	Building Size	14,866 SF
Cap Rate	5.72%	Average Occupancy	95%
No. Units	14	No. Stories	2
Property Type	Multifamily	Year Built	1957
Property Subtype	Apartment	Parking Ratio	0.94/1,000 SF
Apartment Style	Low-Rise

Price	$3,100,000
Price Per Unit	$221,429
Sale Type	Investment
Cap Rate	5.72%
No. Units	14
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.51 AC
Building Size	14,866 SF
Average Occupancy	95%
No. Stories	2
Year Built	1957
Parking Ratio	0.94/1,000 SF