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Multifamily

8250 Brighton Rd

8250 Brighton Rd, Commerce City, CO 80022

Listing Price: $1,500,000

Cap Rate
6.25%
Number of Units
12
Price/Unit
$125,000

Investment Overview

8250 Brighton Road is a 12-unit apartment community located in Commerce City, close to employment and with easy access to Interstate 76. There are 11 one-bedroom units and one (1) two-bedroom unit. Nine of the one-bedroom units are smaller micro-units that are very popular for single adults with an efficient lifestyle, and are a great option for short-term rentals. Most of the units have been renovated within the last five years with new windows, doors, flooring, cabinets, appliances, and plumbing fixtures. The property has a new water heater and a newer pitched roof replaced in 2018. The property is master metered for water, sewer, and gas. The water heater and the dryers are gas. These utilities are all paid by the Owner. The units are all electric with the house and Units 1-4 master metered and paid by the owner. Units 6-10 are individually metered for electric and paid by the residents. There is an on-site laundry room that generally produces approximately $100 per month in income. It houses two washers and two dryers are owned by the Seller and will be conveyed at closing. The buildings sit on a large 0.52-acre lot with mature trees and minimal yard maintenance. There is an old storage building to the rear of the property that is no longer usable that can be rebuilt to provide additional storage income. The demand for housing in Commerce City is very high as there are currently three times as many jobs as there are places to live, so a shorter commute to work is a strong advantage for this property.

Investment Highlights

  • Well-Maintained, Low Maintenance Property with Strong Cash Flow
  • Popular Micro-Units; Great Occupancy History; Short-Term Rental Option
  • Renovated Units with Newer Windows and Doors
  • Newer Pitched Roof Replaced in 2018
  • Large 0.52-Acre Lot with Potential to Add Storage
  • On-Site Income Producing Laundry Facility, Seller-Owned
  • Quiet Location Close to Employment

Exclusively Listed By

Listing Price: $1,500,000

Cap Rate
6.25%
Number of Units
12
Price/Unit
$125,000

Investment Highlights

  • Well-Maintained, Low Maintenance Property with Strong Cash Flow
  • Popular Micro-Units; Great Occupancy History; Short-Term Rental Option
  • Renovated Units with Newer Windows and Doors
  • Newer Pitched Roof Replaced in 2018
  • Large 0.52-Acre Lot with Potential to Add Storage
  • On-Site Income Producing Laundry Facility, Seller-Owned
  • Quiet Location Close to Employment

Investment Overview

8250 Brighton Road is a 12-unit apartment community located in Commerce City, close to employment and with easy access to Interstate 76. There are 11 one-bedroom units and one (1) two-bedroom unit. Nine of the one-bedroom units are smaller micro-units that are very popular for single adults with an efficient lifestyle, and are a great option for short-term rentals. Most of the units have been renovated within the last five years with new windows, doors, flooring, cabinets, appliances, and plumbing fixtures. The property has a new water heater and a newer pitched roof replaced in 2018. The property is master metered for water, sewer, and gas. The water heater and the dryers are gas. These utilities are all paid by the Owner. The units are all electric with the house and Units 1-4 master metered and paid by the owner. Units 6-10 are individually metered for electric and paid by the residents. There is an on-site laundry room that generally produces approximately $100 per month in income. It houses two washers and two dryers are owned by the Seller and will be conveyed at closing. The buildings sit on a large 0.52-acre lot with mature trees and minimal yard maintenance. There is an old storage building to the rear of the property that is no longer usable that can be rebuilt to provide additional storage income. The demand for housing in Commerce City is very high as there are currently three times as many jobs as there are places to live, so a shorter commute to work is a strong advantage for this property.

Exclusively Listed By

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