Lakewood 8-Unit 10555 W. 8th AvenueLakewood, CO 80215

$1,350,000

• Owners’ Pride Obvious in Upkeep of Property

• On-Site Coin Operated Laundry for Tenants

• Spacious 1 Bedroom Apartments (730 SQFT)

• Updated Kitchens and Bathrooms

• New Boiler • Plenty of Off Street

Parking

Investment Highlights:

Jim CaseyJim@CalibrateRE.com

720.432.4671

Calibrate Real Estate

Financial Overview:

10555 W. 8th Avenue

Price: $1,350,000 # Units Unit Type Avg SqFt Avg Proforma RentPrice/Unit: $168,750 8 1Br/1Ba 730 $1,100Price/SqFt: $230.93

INCOME ProformaLoan Amount: $945,000 Gross Annual Rent: $105,600Down Payment: $405,000 Vacancy Allowance: ($5,380)Interest Rate: 4.50% Net Rental Income: $100,220Amortization (yrs): 30 Other Income: $2,000Monthly Payment: $4,788 Effective Gross Income: $102,220

ESTIMATED EXPENSES ProformaUnits: 8 Property Taxes: $4,695Year Built: 1961 Insurance: $3,906Building Size (SqFt): 5,846 Property Management: $0Lot Size (SqFt): 18,000 Repairs & Maintenance: $8,624

Utilities $6,493Admin/Misc.: $450Total Expenses: $24,168Expense/Unit: $3,021

Net Operating Income (NOI) $78,052

ProformaNOI: $78,052Projected Debt Service: ($57,458)Before Tax Cash Flow: $20,594CAP Rate: 5.78%Cash-on-Cash Return: 5.08%Principal Reduction (yr. 1): $15,245Total Return: 8.85%

FINANCIAL ANALYSIS

INVESTMENT SUMMARY UNIT MIX AND AVERAGE RENT SCHEDULE

FINANCINGOPERATING DATA

PROPERTY DESCRIPTION

Property Highlights

1137 Columbine Street

1137 Columbine St. • Less Than a Mile to Oak Street Station Light Rail

• Adjacent to Sunset Park• Easy Access to 6th

Avenue, Colfax, and I-70

• Shared On-Site Laundry

• Well Maintained Landscaping and Storage Shed

• 9 Off Street Parking Spaces for Tenants

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Kipling Street10555 W. 8th Ave.

6th Avenue

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Property Photos

10555 W. 8th Avenue

Calibrate Real Estate

Property Photos

10555 W. 8th Avenue

Calibrate Real Estate

Property Photos

10555 W. 8th Avenue