Multifamily
Newton Square Apartments
7299 Newton St, Westminster, CO 80030
Listing Price: $3,100,000
Investment Overview
Newton Square Apartments is a well-maintained, 16-unit multifamily property located at 7299 Newton Street in Westminster, CO. Offered at $3,100,000, the property provides a
solid 5.59% cap rate and presents an excellent investment opportunity in a growing market. With a total building size of 8,960 SF on a 0.52-acre lot, the property is competitively
priced at $193,750 per unit and $345.98 per square foot. Built in 1972, it offers a stable income stream with potential for value-add improvements to increase rents and further
enhance returns. Located in a prime area with convenient access to local amenities and major transportation routes, Newton Square Apartments offers investors both immediate
cash flow and long-term growth potential in a thriving Denver metro market.
Newton Square Apartments
Investment Highlights
- Strong Cap Rate with Upside Offered at $3.1M with a 5.59% cap rate, Newton Square provides immediate cash flow and room to raise below-market rents.
- Efficient Unit Mix in Prime Location All 16 units are 1-bed/1-bath, averaging 575 SF. Centrally located with access to shops, transit, and jobs in booming Westminster.
- Below Replacement Cost Pricing Priced at $193K/unit and $346/SF, this 1972-built asset offers fee simple ownership and long-term value-add potential.
Exclusively Listed By
Listing Price: $3,100,000
Investment Highlights
- Strong Cap Rate with Upside Offered at $3.1M with a 5.59% cap rate, Newton Square provides immediate cash flow and room to raise below-market rents.
- Efficient Unit Mix in Prime Location All 16 units are 1-bed/1-bath, averaging 575 SF. Centrally located with access to shops, transit, and jobs in booming Westminster.
- Below Replacement Cost Pricing Priced at $193K/unit and $346/SF, this 1972-built asset offers fee simple ownership and long-term value-add potential.
Investment Overview
Newton Square Apartments is a well-maintained, 16-unit multifamily property located at 7299 Newton Street in Westminster, CO. Offered at $3,100,000, the property provides a solid 5.59% cap rate and presents an excellent investment opportunity in a growing market. With a total building size of 8,960 SF on a 0.52-acre lot, the property is competitively priced at $193,750 per unit and $345.98 per square foot. Built in 1972, it offers a stable income stream with potential for value-add improvements to increase rents and further enhance returns. Located in a prime area with convenient access to local amenities and major transportation routes, Newton Square Apartments offers investors both immediate cash flow and long-term growth potential in a thriving Denver metro market.
Exclusively Listed By
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