1333-1339 W Arizona Ave
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1333-1339 W Arizona Ave
4 Unit Apartment Building $2,410,290 CAD ($602,573 CAD/Unit) 7.17% Cap Rate Denver, CO 80223
Investment Highlights
- Long Term Tenants. Very low Vacancy
- Well maintained. New Roof.
- High Income through Section-8
Executive Summary
1333-1339 Arizona Ave is a well maintained town-house style fourplex. This property is offered at a 7% cap rate. Denver Housing Authority currently has 4 bed vouchers at $3752 per unit, so there is room for rent increase. Located in the West Denver neighborhood of Ruby Hill, it is just one block north of Sanderson Gulch Playground and very close to Ruby Hill Park and the Overland Park and Golf Course. This central Denver location is situated near prominent City thoroughfares such as Mississippi Ave, Santa Fe Drive, and I-25. It is just 15 minutes from Downtown Denver and located near various retail areas such as Broadway Blvd, with iconic Denver areas such as DU and Washington Park just to the east. This property offers long-term tenants with great rents. Originally built in 2008, this property has been consistently maintained and well-kept, making it an ideal buy-and-hold investment in one of the hottest markets in the country. See offering Memorandum for details or call listing broker Erik Carman at 720-663-8999.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| 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 - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $2,410,290 CAD | Building Class | C |
| Price Per Unit | $602,573 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 5,450 SF |
| Cap Rate | 7.17% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2008 |
| Property Subtype | Apartment | Parking Ratio | 0.92/1,000 SF |
| Apartment Style | Low Rise |
| Price | $2,410,290 CAD |
| Price Per Unit | $602,573 CAD |
| Sale Type | Investment |
| Cap Rate | 7.17% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,450 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2008 |
| Parking Ratio | 0.92/1,000 SF |
Unit Amenities
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 4 | - | 1,306 |
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PROPERTY TAXES
| Parcel Number | 5211-06-043 | Improvements Assessment | $84,018 CAD (2023) |
| Land Assessment | $10,310 CAD (2023) | Total Assessment | $94,328 CAD (2023) |
PROPERTY TAXES
Parcel Number
5211-06-043
Land Assessment
$10,310 CAD (2023)
Improvements Assessment
$84,018 CAD (2023)
Total Assessment
$94,328 CAD (2023)
zoning
| Zoning Code | R2A |
| R2A |
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1333-1339 W Arizona Ave
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