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Multifamily

Brighton Row Homes

433 Bridge Street, Brighton, CO 80601

Listing Price: $850,000

Cap Rate
6.69%
Number of Units
6
GRM
9.51
Occupancy
95.0%
Price/Unit
$141,667

Investment Overview

The Brighton Row Homes are a six-unit townhome community well-located at the northwest corner of 5th Avenue and Bridge Street in Brighton, Colorado. A short walk takes tenants downtown to Brighton’s restaurants and retail. Built in 1907 and 1937, these sturdy all-brick buildings have an old-world neighborhood charm. Each of the six units are one-bedroom / one-bath with front and rear entrances, hardwood floors, and small basement area great for a second living area or storage. All of the windows were recently replaced with energy efficient double pane windows and new exterior doors were added.

Each unit is individually metered for gas and electricity and there are individual furnaces and water heaters located in the basement of each unit. There is a shared backyard and additional storage units are located off the alley that used to be garages. The building roof is a slopped TPO rubber membrane estimated to have been replaced in 2018. The property is situated on 0.34 acres on Bridge Street with great redevelopment potential. Brighton is a growing community 15 minutes northwest of Denver International Airport and 30 minutes northeast of Downtown Denver.

Investment Highlights

  • Strong 6.69% Cap Rate Going into 2024; 8.14% Pro Forma
  • Charming Brick Row Homes; All One-Bedroom Units with Basements
  • Individual Front and Rear Entrances with Shared Backyard
  • Individually Metered for Gas and Electric; Individual Furnaces and Water Heaters
  • New Double Pane Windows and Front Doors
  • Additional Storage Units; Conversion Back into Garages Possible
  • Short Walk to Downtown Brighton Restaurants and Retail

Exclusively Listed By

Financing By

Multifamily

Brighton Row Homes

Listing Price: $850,000

Cap Rate
6.69%
Number of Units
6
GRM
9.51
Occupancy
95.0%
Price/Unit
$141,667

Investment Highlights

  • Strong 6.69% Cap Rate Going into 2024; 8.14% Pro Forma
  • Charming Brick Row Homes; All One-Bedroom Units with Basements
  • Individual Front and Rear Entrances with Shared Backyard
  • Individually Metered for Gas and Electric; Individual Furnaces and Water Heaters
  • New Double Pane Windows and Front Doors
  • Additional Storage Units; Conversion Back into Garages Possible
  • Short Walk to Downtown Brighton Restaurants and Retail

Investment Overview

The Brighton Row Homes are a six-unit townhome community well-located at the northwest corner of 5th Avenue and Bridge Street in Brighton, Colorado. A short walk takes tenants downtown to Brighton’s restaurants and retail. Built in 1907 and 1937, these sturdy all-brick buildings have an old-world neighborhood charm. Each of the six units are one-bedroom / one-bath with front and rear entrances, hardwood floors, and small basement area great for a second living area or storage. All of the windows were recently replaced with energy efficient double pane windows and new exterior doors were added. Each unit is individually metered for gas and electricity and there are individual furnaces and water heaters located in the basement of each unit. There is a shared backyard and additional storage units are located off the alley that used to be garages. The building roof is a slopped TPO rubber membrane estimated to have been replaced in 2018. The property is situated on 0.34 acres on Bridge Street with great redevelopment potential. Brighton is a growing community 15 minutes northwest of Denver International Airport and 30 minutes northeast of Downtown Denver.

Exclusively Listed By

Financing By

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