Multifamily

5765 S Bannock Street

5765 S Bannock St, Littleton, CO 80120

Listing Price: $1,230,000

Cap Rate
5.59%
Number of Units
6
Price/Unit
$205,000
Price/Gross SF
$305.21
Gross SF
4,030

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 5765 S Bannock Street, a six-unit apartment community in Littleton, Colorado. Located in Littleton just a 15-minute drive from the busy Denver Tech Center, a node of industry and commerce, the subject property was originally constructed in 1959 and offers its tenants two one-bedroom/one-bathroom unit and four two-bedroom/one-bathroom units. Residents at 5765 S Bannock Street have easy access to many convenient community amenities including off-street parking, in-unit laundry, nearby parks, bars, and restaurants. Recent renovations to select units include plank flooring, new appliances, shaker cabinets, new fixtures, tiled backsplashes and shower surrounds, and new paint. Residents also have the added benefit of air conditioning, wifi, and on-site storage. The investment appeal of this asset is driven by the strong employment fundamentals, low vacancy levels, and rapidly expanding rental demand in Denver, CO. This well-located asset, just minutes from the Denver Tech Center, presents an attractive choice for central Colorado renters.

Investment Highlights

  • Proven Value Add Opportunity with Opportunity to Rent On-Site Storage Units for Additional Income
  • Well-Maintained Property with New Roof in 2019, New Windows in 2020, and Interior Renovations in 4 of the 6 Units
  • In-Unit Washer and Dryers
  • Individually Metered for Gas and Electric

Exclusively Listed By

Listing Price: $1,230,000

Cap Rate
5.59%
Number of Units
6
Price/Unit
$205,000
Price/Gross SF
$305.21
Gross SF
4,030

Investment Highlights

  • Proven Value Add Opportunity with Opportunity to Rent On-Site Storage Units for Additional Income
  • Well-Maintained Property with New Roof in 2019, New Windows in 2020, and Interior Renovations in 4 of the 6 Units
  • In-Unit Washer and Dryers
  • Individually Metered for Gas and Electric

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 5765 S Bannock Street, a six-unit apartment community in Littleton, Colorado. Located in Littleton just a 15-minute drive from the busy Denver Tech Center, a node of industry and commerce, the subject property was originally constructed in 1959 and offers its tenants two one-bedroom/one-bathroom unit and four two-bedroom/one-bathroom units. Residents at 5765 S Bannock Street have easy access to many convenient community amenities including off-street parking, in-unit laundry, nearby parks, bars, and restaurants. Recent renovations to select units include plank flooring, new appliances, shaker cabinets, new fixtures, tiled backsplashes and shower surrounds, and new paint. Residents also have the added benefit of air conditioning, wifi, and on-site storage. The investment appeal of this asset is driven by the strong employment fundamentals, low vacancy levels, and rapidly expanding rental demand in Denver, CO. This well-located asset, just minutes from the Denver Tech Center, presents an attractive choice for central Colorado renters.

Exclusively Listed By

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