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The Club Apartments 7300-7310 W 10th Ave 17 Unit Apartment Building $2,775,000 ($163,235/Unit) 5.95% Cap Rate Lakewood, CO 80214

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Investment Highlights

ASSUMABLE FREDDIE MAC LOAN AVAILABLE - $1,920,000 LOAN BALANCE AT 5.29% UNTIL MAY 2028
NEWLY INSTALLED GUTTERS, HOT WATER HEATER AND ELECTRICAL PANELS.
ATTRACTIVE BASIS RELATIVE TO LAKEWOOD COMPARABLES AND NEWER MULTIFAMILY DEVELOPMENT IN THE DENVER METRO AREA

VALUE-ADD POTENTIAL THROUGH CONTINUED RENOVATION AND ADDING INUNIT WASHER/DRYER
10 UNITS HAVE BEEN RENOVATED INCLUDING NEW FLOORING, KITCHENS, LIGHTING, AND BATHS.
BLOCK AND TWIN T CONSTRUCTION CONTRIBUTE TO LONG-TERM DURABILITY AND REDUCED CAPITAL EXPENDITURE RISK.

Executive Summary

The property is being offered at $2,775,000 ($163,235/unit), which represents one of the more attractive bases currently available in the Lakewood market. • Assumable Freddie Mac loan with a $1.92M balance at 5.29% through May 2028

7310 W 10th Ave - OM Pinnacle REA 2026

Financial Summary (Actual - 2025)	Annual	Annual Per SF
Gross Rental Income	$255,096	$20.34
Other Income	$13,166	$1.05
Vacancy Loss	$13,413	$1.07
Effective Gross Income	$254,849	$20.32
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$89,728	$7.15
Net Operating Income	$165,121	$13.16

Financial Summary (Actual - 2025)

Gross Rental Income
Annual	$255,096
Annual Per SF	$20.34

Other Income
Annual	$13,166
Annual Per SF	$1.05

Vacancy Loss
Annual	$13,413
Annual Per SF	$1.07

Effective Gross Income
Annual	$254,849
Annual Per SF	$20.32

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$89,728
Annual Per SF	$7.15

Net Operating Income
Annual	$165,121
Annual Per SF	$13.16

Property Facts

Price	$2,775,000	Building Class	C
Price Per Unit	$163,235	Lot Size	0.67 AC
Sale Type	Investment	Building Size	12,544 SF
Cap Rate	5.95%	No. Stories	2
No. Units	17	Year Built/Renovated	1960/2021
Property Type	Multifamily	Parking Ratio	2.71/1,000 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
Zoning	R-5

Price	$2,775,000
Price Per Unit	$163,235
Sale Type	Investment
Cap Rate	5.95%
No. Units	17
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.67 AC
Building Size	12,544 SF
No. Stories	2
Year Built/Renovated	1960/2021
Parking Ratio	2.71/1,000 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.
Zoning	R-5