
Property Attributes
- MLS#2889381
- TypeCommercial
- CountyARAPAHOE
- CityLittleton
- Zip80120
- StyleContemporary
- Year Built1972
- Taxes$ 65723
- Price$ 12,000,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage45567
- Lot Size1.11 Acres
Data Source:
REColorado (MTOMLS)
Property Description
Please note that the co-op commission is 0.8% of Net Purchase Price. • 7.00% Proforma CAP Rate • Proforma Rents Already Being Achieved! Easily Bring Existing Leases to Proforma Levels • Many Recent Capital Improvements Including New: Roof, Boilers, Windows, Steel & Concrete Stairs/Walkways/Columns/Landings, Exterior Paint, Common Area Upgrades & Landscaping • 25/57 Units Have Been Recently Renovated with New Kitchens, Bathrooms, Floors, Electric Panels and More For Average Rent Increase of $150/Unit • Diverse Unit Mix Offering Renovated and Unrenovated 1Bd & 2Bd Unit Leasing Options • Rare Mid-Rise Building Offering Unobstructed Views of the Rocky Mountains & Great Street Visibility • Just ½ Mile to Downtown Littleton, Light Rail Station, Restaurants/Retail, Schools and Parks • Less than 1 Mile to Arapahoe Community College & Hwy 85 • Excellent Neighborhood Demographics: Average Monthly Rents Accounting for Only 14% of Average Monthly Income
Price History | |
---|---|
11/20/2023 | Listed $12,000,000 |
General Features
Architectural Style | Contemporary |
---|---|
Attached Garage | No |
Building Features | Coin Laundry, Fitness Center, Front Desk, Laundry, On Site Management, Wi-Fi |
Cap Rate | 7 |
City | Littleton |
Construction Materials | Brick |
County | Arapahoe |
Current Use | Multi-Family |
Exclusions | Tenant possessions |
Exterior Features | Barbecue, Lighting |
Gross Income | 994100 |
Listing Terms | Cash, Conventional |
Lot Size Square Feet | 48351.6 |
Operating Expense | 292682 |
Ownerpays | Taxes, Trash Collection |
Property SubType | Multi-Family |
Property Type | Commercial Sale |
Roof | Membrane |
Security Features | Security Entrance, Smoke Detector(s) |
Sewer | Public Sewer |
Standard Status | Active |
Status | Active |
Street Name | Windermere |
Structure Type | Mid Rise (4-7) |
Tax Annual Amount | 65723 |
Tax Year | 2022 |
Tenant Pays | Cable TV, Internet, Telephone |
Total Units | 57 |
Utilities | Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Connected |
Year Built | 1972 |
Interior Features
Street Suffix | Street |
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Exterior Features
Building Area Total | 45567 |
---|---|
Lot Features | Near Public Transit |
Lot Size Acres | 1.11 |
Lot Size Area | 1.11 |
Lot Size Units | Acres |
Road Frontage Type | Public |
Road Responsibility | Public Maintained Road |
Road Surface Type | Paved |
Total Parking | 68 |
Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool