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Multifamily

63 S 22nd Avenue, Bldg C

63 S 22nd Avenue, Bldg C, Brighton, CO 80601

Listing Price: $1,290,000

Cap Rate
5.77%
Number of Units
6
GRM
10.72
Occupancy
95.0%
Price/Unit
$215,000

Investment Overview

Built in 1980, 63 S. 22nd Ave. Building C is a well-maintained six-unit townhome community conveniently located in Brighton, Colorado. Residents enjoy a property walking distance to shopping, restaurants and employment.

The six units all have the same floor plan; a large, 970 SF side-by-side two-story townhome-style two-bedroom / one-and-a-half bathroom unit with private rear patio. Five of the six units have been completely renovated with vinyl plank flooring on the main level and updated bathrooms and kitchen with new cabinets and granite countertops. The kitchen includes high-end stainless steel appliances with dishwashers and disposals. All units have washer/dryer hook-ups, double-pane windows, and six-panel doors.

The property is individually metered for gas and electric and each unit has its own water heater, furnace, and air conditioning unit (central heat and air). The units are master metered for water (one water meter). All mechanicals are located in the crawl space for easy access to make repairs on plumbing or HVAC. This building has an all-brick, low maintenance exterior with a pitched asphalt shingle roof that was last replaced in 2019. The grounds are nicely landscaped with mature trees and shrubs. An in-ground sprinkler system assists in easy yard maintenance. There are 14 off-street parking spaces with the parking and roadway recently repaved in the last few years. There is no HOA for the neighborhood. The trash usage and cost is shared with Building F. This property has been meticulously well-maintained and managed by the same owner for the last 30 years; a solid asset, turn-key investment.

Investment Highlights

  • Very Well-Maintained Asset; Stabilized Turn-Key Investment
  • Desirable Townhome-Style Units with Private Rear Patios
  • All Large 2 Bed / 1.5 Bath Units with Washer/Dryer Hook-Ups
  • Five of the Six Units Completely Renovated with Vinyl Plank Flooring
  • Stainless Steel Appliances, New Cabinets, and Granite Countertops
  • Central HVAC; Individual Furnaces, Air Conditioner, and Water Heaters
  • Professionally Landscaped; 14 Off-Street Parking Spaces
  • Built in 1980; Sturdy All-Brick Exterior, Pitched Roof (Replaced in 2019)

Exclusively Listed By

Multifamily

63 S 22nd Avenue, Bldg C

Listing Price: $1,290,000

Cap Rate
5.77%
Number of Units
6
GRM
10.72
Occupancy
95.0%
Price/Unit
$215,000

Investment Highlights

  • Very Well-Maintained Asset; Stabilized Turn-Key Investment
  • Desirable Townhome-Style Units with Private Rear Patios
  • All Large 2 Bed / 1.5 Bath Units with Washer/Dryer Hook-Ups
  • Five of the Six Units Completely Renovated with Vinyl Plank Flooring
  • Stainless Steel Appliances, New Cabinets, and Granite Countertops
  • Central HVAC; Individual Furnaces, Air Conditioner, and Water Heaters
  • Professionally Landscaped; 14 Off-Street Parking Spaces
  • Built in 1980; Sturdy All-Brick Exterior, Pitched Roof (Replaced in 2019)

Investment Overview

Built in 1980, 63 S. 22nd Ave. Building C is a well-maintained six-unit townhome community conveniently located in Brighton, Colorado. Residents enjoy a property walking distance to shopping, restaurants and employment. The six units all have the same floor plan; a large, 970 SF side-by-side two-story townhome-style two-bedroom / one-and-a-half bathroom unit with private rear patio. Five of the six units have been completely renovated with vinyl plank flooring on the main level and updated bathrooms and kitchen with new cabinets and granite countertops. The kitchen includes high-end stainless steel appliances with dishwashers and disposals. All units have washer/dryer hook-ups, double-pane windows, and six-panel doors. The property is individually metered for gas and electric and each unit has its own water heater, furnace, and air conditioning unit (central heat and air). The units are master metered for water (one water meter). All mechanicals are located in the crawl space for easy access to make repairs on plumbing or HVAC. This building has an all-brick, low maintenance exterior with a pitched asphalt shingle roof that was last replaced in 2019. The grounds are nicely landscaped with mature trees and shrubs. An in-ground sprinkler system assists in easy yard maintenance. There are 14 off-street parking spaces with the parking and roadway recently repaved in the last few years. There is no HOA for the neighborhood. The trash usage and cost is shared with Building F. This property has been meticulously well-maintained and managed by the same owner for the last 30 years; a solid asset, turn-key investment.

Exclusively Listed By

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