$950,000 $885,000 - kmalnati.files.wordpress.comKyle Malnati 303.358.4250 [email protected]...
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Kyle Malnati 303.358.4250 [email protected] C ENTRAL D ENVER M ULTIFAMILY E XPERTS • Amazing location in desirable Highlands neighborhood • Features include stainless steel appliances and granite countertops • Great unit mix of 1br, 2br & 3br floor plans that appeal to all tenant profiles • Second floor unit includes spacious private deck • Walking distance to Highland hotspots Investment Highlights: 2810 Hazel Court Denver, CO 80211 $950,000 $885,000 MADISON COMMERCIAL Properties, LTD. 4 Units $221,250/Unit Greg Johnson 303.343.8333 [email protected] Price Reduction
Transcript of $950,000 $885,000 - kmalnati.files.wordpress.comKyle Malnati 303.358.4250 [email protected]...
Kyle [email protected]
C e n t r a l D e n v e r M u l t i f a M i l y e x p e r t s
• Amazing location in desirable Highlands neighborhood
• Features include stainless steel appliances and granite countertops
• Great unit mix of 1br, 2br & 3br floor plans that appeal to all tenant profiles
• Second floor unit includes spacious private deck
• Walking distance to Highland hotspots
Investment Highlights:
2810 Hazel Court Denver, CO 80211
$950,000$885,000
MADISON COMMERCIAL Properties, LTD.
4 Units$221,250/Unit
Greg [email protected]
Price Reduction
2810 Hazel Court Denver, CO 80211
Please note, all information furnished in this presentation regarding this property for sale has been secured from sources we believe to be reliable. However, we accept no responsibility for its correctness and encourage the verification of all numbers prior to making any financial decisions. We owe duties to the Seller, which include utmost good faith. We negotiate on behalf of and act as advocate for the Seller. Please do not tell us any information that you do not want shared with the Seller. You are not legally responsible for our actions. Although we do not represent you, we will disclose to you all adverse material facts about the property actually known to us. We will assist you without regard to race, creed, sex, religion, national origin, familial status or handicap.
Kyle Malnatic: [email protected]
Greg Johnsono: [email protected]
# Units Unit Type Avg SqFt Current Avg Proforma Avg
1 2Br 744 $1,845 $1,875
1 2Br 828 $1,875 $1,900
1 3Br (Garden Level) 829 $1,350 $1,350
1 1Br (Cottage) 380 $1,050 $1,075
Units: 4 INCOME Current Proforma
Year Built: 1890 Gross Annual Rent: $73,440 $74,400
Building Size (SqFt): 2,936 Vacancy Allowance: ($1,836) ($1,860)
Lot Size (SqFt): 3,000 Net Rental Income: $71,604 $72,540
Roof: Pitched Other Income: $0 $0
Heat: Gas Forced Air Effective Gross Income: $71,604 $72,540
Parking Spaces On-Street
ESTIMATED EXPENSES Current Proforma
Property Taxes: $2,470 $2,470
Insurance: $2,000 $2,000
Property Management: $5,346 $0
Repairs & Maintenance: $5,214 $4,000
Price: $885,000 Utilities: $2,373 $2,373
Price/Unit: $221,250 Other Expenses: $445 $500
Price/SqFt (Rentable): $301.43 Total Expenses: $17,848 $11,343
Expense/Unit: $4,462 $2,836
Net Operating Income (NOI) $53,756 $61,197
Loan Amount: $663,750 Current Proforma
Down Payment: $221,250 NOI: $53,756 $61,197
Interest Rate: 4.25% Projected Debt Service: ($39,183) ($39,183)
Amortization (yrs): 30 Before Tax Cash Flow: $14,572 $22,014
Monthly Payment: $3,265 CAP Rate: 6.07% 6.91%
Cash-on-Cash Return: 6.59% 9.95%
Principle Reduction (yr. 1): $11,190 $11,190
Total Return: 11.64% 15.01%
UNIT MIX AND AVERAGE RENT SCHEDULE
PROPERTY DESCRIPTION OPERATING DATA
PROPOSED FINANCING FINANCIAL ANALYSIS
INVESTMENT SUMMARY
Financial Highlights:
2810 Hazel Court Denver, CO 80211Kyle Malnati
Greg Johnsono: [email protected]
Property Highlights:• The Highlands is a highly desirable
residential neighborhood • Beautifully renovated Victorian
fourplex• Short bike ride to Highland Park,
Jefferson Park and Sloan’s Lake• Two blocks from the Safeway
grocery store• Surrounded by local restaurants,
cafes and retail stores
