west denver apartments - loopnet...units: 11 effective gross income: $129,040 $144,172 year built:...
TRANSCRIPT
• Attractive 2 Bdrm Floorplans• 1:1 Off-Street Parking• Newer Roof and Vinyl
Windows• Convenient to Downtown• Three Blocks from Light Rail
Station• Surrounded by Redevelopment
in the Neighborhood• Currently Self-Managed• 15,600 sqft Lot Zoned G-MU-5
Investment Highlights:
Conner PirettiGreg Johnson &
West Denver Apartments1230 Winona Ct.
Denver, CO 80204
$1,900,000
303-482-2878 303-818-1805
* Adjacent 6,250 sqft lot is also available.Contact us for additional details.
Price: $1,900,000 # Units Unit Type Avg SqFt Avg Current Rent Avg Market RentPrice/Unit: $172,727 1 Studio 350 $500 $700Price/SqFt (net): $215.40 10 2Br/1Ba 688 $1,050 $1,160
Loan Amount: $1,235,000 INCOME Current Market
Down Payment: $665,000 Gross Annual Rent: $132,000 $147,600
Interest Rate: 4.13% Utility Billback: $0 $0
Monthly Payment: $5,985 Vacancy Allowance (3%): ($3,960) ($4,428)
Net Rental Income: $128,040 $143,172
Other Income: $1,000 $1,000
Units: 11 Effective Gross Income: $129,040 $144,172Year Built: 1973
Zoning: G-MU-5 EXPENSES Current Market
Net Apt Size (SqFt): 7,233 Taxes $5,956 $5,956
Lot Size (SqFt): 15,600 Insurance $2,430 $2,430
Roof: 3 years old Utilities $9,208 $9,208
Heat: Central Boiler Repairs & Maintenance $6,220 $6,220
Parking Spaces: 11 off-street Management $5,500 $11,534
Total Expenses: $29,314 $35,348Expense/Unit: $2,665 $3,213
Net Operating Income (NOI) $99,726 $108,824
Current Market
NOI: $99,726 $108,824
Projected Debt Service: ($71,825) ($71,825)
Before Tax Cash Flow: $27,501 $36,599
CAP Rate: 5.2% 5.7%
Cash-on-Cash Return: 4.1% 5.5%
Principle Reduction (yr. 1): $21,281 $21,281
Total Return: 7.3% 8.7%
FINANCIAL ANALYSIS
INVESTMENT SUMMARY UNIT MIX AND AVERAGE RENT SCHEDULE
PROPOSED FINANCING OPERATING DATA
PROPERTY DESCRIPTION
Calibrate Real Estate1230 Winona Ct.
Financial Overview:
Interior Photos
Calibrate Real Estate1230 Winona Ct.
Calibrate Real Estate1230 Winona Ct.
• Attractive West Denver Location near Sloan’s Lake
• Blocks Away from Light Rail Station
Location Highlights
• Just Minutes from Downtown• Neighborhood is Exploding with
Construction, Redevelopment & New Businesses