1256-1258 Newton St
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1256-1258 Newton St
3 Unit Apartment Building $2,889,719 CAD ($963,240 CAD/Unit) 5.33% Cap Rate Denver, CO 80204
Investment Highlights
- This property boasts large 4 bed/3.5 bath townhome style units
- Brand new construction located near the heart of Sloan's Lake
- Well maintained asset by current ownership
- Rare 3-story half duplexes with a private yard
- This property highlights high-end interior and exterior furnishes throughout
Executive Summary
Capstone Apartments Partners is pleased to present 1256-1258 Newton St: a triplex in Denver's flourishing Sloan's Lake neighborhood. This updated property was built in 2021 and provides a unique opportunity to investors for a newer build with strong in-place cash flow. The property's larger unit sizes complement the high-end, interior and exterior furnishings throughout. The Sloan's Lake neighborhood has also emerged as a choice location for tenants with exceptional proximity to downtown Denver, Edgewater market-place, and HWY 6- a direct route to the mountains.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Gross Rental Income | - | - |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | $2,889,719 CAD | Apartment Style | Townhome |
Price Per Unit | $963,240 CAD | Lot Size | 0.04 AC |
Sale Type | Investment | Building Size | 6,714 SF |
Cap Rate | 5.33% | Average Occupancy | 100% |
No. Units | 3 | No. Stories | 3 |
Property Type | Multifamily | Year Built | 2021 |
Property Subtype | Apartment | Opportunity Zone |
Yes
|
Price | $2,889,719 CAD |
Price Per Unit | $963,240 CAD |
Sale Type | Investment |
Cap Rate | 5.33% |
No. Units | 3 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Townhome |
Lot Size | 0.04 AC |
Building Size | 6,714 SF |
Average Occupancy | 100% |
No. Stories | 3 |
Year Built | 2021 |
Opportunity Zone |
Yes |
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
4+3.5 | 3 | $5,398 CAD | 2,238 |
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Bike Score ®
Very Bikeable (77)
zoning
Zoning Code | G-MU |
G-MU |
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1256-1258 Newton St
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