OFFERING MEMORANDUM · Parking: Detached Garage Roof: Pitched/Flat • 8% Cap Rate! • This 7 unit...

5324 S. HURON STREETLITTLETON, CO 80120

OFFER

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This information has been provided to you at your request based upon your assurances that you are a knowledgeable and

sophisticated investor in commercial & residential real estate projects, developments and investments.

Keller Williams Realty Downtown, LLC recommends you, as a potential buyer/investor, should perform your own

independent examination and inspection of the property and perform due diligence. All of the information provided

herein related to the property is deem reliable but not guaranteed.

By accepting this Offering Memorandum, you acknowledge and agree that you shall rely solely upon your own examination

and investigation of the Property and you shall not rely on any statements made in this Offering Memorandum or upon

any other materials, statements or information provided by Michelle Thomas, Keller Williams Realty Downtown, LLC, or

its brokers. This Offering Memorandum and the contents are intended to remain confidential except for such information

which is in the public domain or is otherwise available to the public.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and

make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change

of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections,

opinions, assumptions or estimates for example only, and they may not represent current or future performance of the

property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. Each

KW Commercial Brokerage Business is Independently Owned and Operated

CONFIDENTIALITY DISCLAIMER

PHONE: 720-515-6464 | EMAIL: [email protected] | ADDRESS: 917 ARARIA PARKWAY DENVER CO 80204

PROPERTY OVERVIEW

PROPERTY OVERVIEW INVESTMENT HIGHLIGHTS

Total Units: 7

Year Built: 1933/1962

Building GSF: 6,223 Sq Ft

Land SF: 25,700 SF

Site Zoning: R-4

Construction:: BrickHVAC: Boiler/Forced AirParking: Detached GarageRoof: Pitched/Flat

• 8% Cap Rate! • This 7 unit apartment complex consists of three structures

1. 2-story brick 6 unit building2. Detached Single Family House 3. Large Detached Garage/Workshop which also leased.

• 7 Units but 8 total leases. • This large 25,700 square foot lot • Located just 15 minutes from the business district of the Denver

Tech Center Easy (DTC) and easy access to I-25• All units are updated


PROPERTY PHOTOS

ACTUAL

List Price $1,450,000

INCOME

Average Rent Units Annual Total

$1,810 3 $65,160

$1,328 3 $47,808

$2,200 1 $26,400

Gross Rental Income $139,368

General Vacancy 5% $ (6,968)

Effective Rental Income $132,400

Misc. Income - Laundry $320

Misc. Income Garage Lease $11,880

Gross Operating Income $144,600

EXPENSES

Property Insurance $(5,985)

Repairs & Maintenance $(8,400)

Electricity $(2,800)

Water/Sewer $(3,040)

Property Taxes $(3,803)

Management -

Trash $(791)

Total Operation Expense $24,819

Net Operating Income $119,781

Cap Rate 8.3%

INCOME STATEMENT


PROFORMA

List Price $1,450,000

INCOME

Average Rent Units Annual Total

$1,840 3 $66,240

$1,350 3 $48,600

$2,400 1 $28,800

Gross Rental Income $143,640

General Vacancy 5% $ (7,182)

Effective Rental Income $136,458

Misc. Income - Laundry $320

Misc. Income Garage Lease $11,880

Gross Operating Income $148,658

EXPENSES

Property Insurance $(4,500)

Repairs & Maintenance $(8,400)

Electricity $(2,800)

Water/Sewer $(3,040)

Property Taxes $(3,803)

Management $(9,552.06)

Trash $(791)

Total Operation Expense $32,886

Net Operating Income $115,782

Cap Rate 8.0%

RENT ROLL ANALYSIS

UNIT SUMMARY:Unit Count Bed Bath Square Footage Rent

1 3 1 750 sf $1,840

2 3 1 750 sf $1,840

3 3 1 750 sf $1,750

4 2 1 700 sf $1,350

5 2 1 700 sf $1,350

6 2 1 700 sf $1,286

House 5 2 1670 sf $2,200

Garage 900 sf $990

Totals: $12,606



Sales Price $900,000

Sales Date May 15, 2017

Price Per Unit $150,000

# of Units 6

Days on the Market

89

SALES COMPARABLES - APARTMENT

5787 S. Bannock Street, Littleton, CO 5765 S. Bannock Street, Littleton, COSales Price $800,000

Sales Date December 14, 2017


# of Units 6

Days on the Market

Unknown


Sales Date September 5, 2017


# of Units 4

Days on the Market

Unknown

5347 S. Fox Street, Littleton, CO 92 W. Ida Avenue, Littleton, CO


Sales Date March 1, 2018


# of Units 6

Days on the Market

Unknown



Sales Date Jan 2, 2018

Price Per Sq Ft. $302

Sq Ft. 1,241

Days on the Market

Unknown

SALES COMPARABLES - SINGLE FAMILY HOME

799 W. Littleton Blvd, Littleton, CO 5835 S. Cherokee Street, Littleton, COSales Price $390,000

Sales Date June 9, 2017

Price Per Sq. Ft. $231

Sq. Ft. 1,687

Days on the Market

47


Sales Date July 53 2017

Price Per Unit $223

Sq. Ft. 1,989

Days on the Market

91

900 S. Elati Street, Littleton, CO

LOCATION OVERVIEW

About LittletonLittleton is ranked as the 20th most populous municipality in Colorado. The city’s history dates back to the 1859 Pike’s Peak Gold Rush. Residents of Littleton embrace its history and strive to maintain their vibrant neighborhoods. It’s just 20 minutes outside of Downtown Denver.

ActivitiesLittleton is all about community. Littleton holds annual events like Littleton Rocks, a series of concerts outdoors. Western Welcome Week and Candlelight Walk bring the community together and attract visitors from across the region. Coined as one of the five best cities for families to live in Colorado, Littleton is just a short drive from Denver, but it feels like a different world entirely. From the historic downtown and tree-lined streets to impressive arts and culture options, great weather and plenty of outdoor experiences.

DemographicsThe median income for a household in the city was $54,512, and the median income for a family was $74,744. Males had a median income of $52,674 versus $40,297 for females. The city’s per capita income was $33,889. About 7.4% of families and 11.0% of the population were below the poverty line, including 13.8% of those under age 18 and 9.0% of those age 65 or over. In the identified market area, the current year population is 205,557. In 2000, the Census count in the market area was 156,958. The rate of change since 2000 was 3.32 percent annually. The five-year projection for the population in the market area is 229,157, representing a change of 2.2 percent annually from 2008 to 2013. Currently, the population is 49.4 percent male and 50.6 percent female.


2454 N. Washington Street Denver, CO 80205

For More Information Contact

MICHELLE THOMAS COMMERICAL & RESIDENTIAL REAL ESTATE BROKER

DIRECT: 720.515.6464 [email protected]

NXT LEVEL PROPERTIES | INVESTMENT REAL ESTATERESIDENTIAL | COMMERCIAL | LAND | DEVELOPMENT

BUY | SELL | INVEST

“WE HELP OUR CLIENTS BUILD WEALTH THROUGH REAL ESTATE”


OFFERING MEMORANDUM · Parking: Detached Garage Roof: Pitched/Flat • 8% Cap Rate! • This 7 unit...

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