|
|
Dexter Apartments 830 Dexter St 11 Unit Apartment Building $2,195,000 ($199,545/Unit) 6.01% Cap Rate Denver, CO 80220
INVESTMENT HIGHLIGHTS
- Newer windows; New hot water heater
- New washer and dryer
- Three blocks from 9+CO Redevelopment; Close to Rose Medical Center and Cherry Creek
- New key code entry system to both front and back doors
- Newer boiler; New boiler pump and expansion tank
- Close to a cluster of new development including restaurants, grocery stores, and retail store
EXECUTIVE SUMMARY
Blocks from 9+ CO redevelopment next to Rose Medical Center. Can be purchased separately or with 801 Dahlia Street and 4720 E 8th Avenue
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$186,000
|
$28.56
|
| Other Income |
$23,965
|
$3.68
|
| Vacancy Loss |
$5,580
|
$0.86
|
| Effective Gross Income |
$204,385
|
$31.39
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$59,363
|
$9.12
|
| Net Operating Income |
$145,022
|
$22.27
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $186,000 |
| Annual Per SF | $28.56 |
| Other Income | |
|---|---|
| Annual | $23,965 |
| Annual Per SF | $3.68 |
| Vacancy Loss | |
|---|---|
| Annual | $5,580 |
| Annual Per SF | $0.86 |
| Effective Gross Income | |
|---|---|
| Annual | $204,385 |
| Annual Per SF | $31.39 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $59,363 |
| Annual Per SF | $9.12 |
| Net Operating Income | |
|---|---|
| Annual | $145,022 |
| Annual Per SF | $22.27 |
PROPERTY FACTS
| Price | $2,195,000 | Apartment Style | Low-Rise |
| Price Per Unit | $199,545 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.01% | Building Size | 6,512 SF |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 0.92/1,000 SF |
| Zoning | R3 | ||
| Price | $2,195,000 |
| Price Per Unit | $199,545 |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,512 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | R3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 641 |
| 2+1 | 1 | - | 750 |
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 6063-07-008 | Improvements Assessment | $102,500 (2024) |
| Land Assessment | $34,520 (2024) | Total Assessment | $137,020 (2024) |
PROPERTY TAXES
Parcel Number
6063-07-008
Land Assessment
$34,520 (2024)
Improvements Assessment
$102,500 (2024)
Total Assessment
$137,020 (2024)
MAP
ADDITIONAL PHOTOS
830 N Dexter St 2025-1
830 N Dexter St 2025-3
830 N Dexter St 2025-4
830 N Dexter St 2025-5
830 N Dexter St 2025-12
830 N Dexter St 2025-14
830 N Dexter St 2025-13
830 N Dexter St 2025-16
830 N Dexter St 2025-17
830 N Dexter St 2025-18
830 N Dexter St 2025-6
830 N Dexter St 2025-7
830 N Dexter St 2025-8
830 N Dexter St 2025-10
830 N Dexter St 2025-9
830 N Dexter St 2025-11
830 N Dexter St 2025-15