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3620-3632 Ingalls St

8 Unit Apartment Building $2,286,667 CAD ($285,833 CAD/Unit) 5.24% Cap Rate Wheat Ridge, CO 80033

Investment Highlights

  • Stable Cashflow with Upside Potential
  • Tenants Pay Their Own Utilities
  • Attractive for Owner/Operator or Passive Investor
  • Convenient Location in Quiet Setting
  • Low Maintenance Property

Executive Summary

3620 Ingalls Street is an attractive 8-unit property conveniently located in Wheat Ridge, less than 5 miles from downtown Denver. The courtyard-style building offers an attractive mix of studio, one bedroom and two bedroom apartments with plenty of off-street parking for the residents.
The courtyard apartments are separately metered for gas and electric, and each unit has its own furnace and water heater. The well-maintained property has been a stable and consistent investment for over 10 years for the current owner.
The property is nestled between the vibrant neighborhoods of Berkeley, Sloan’s Lake, Edgewater, and Olde Town Arvada.

Property Facts

Price $2,286,667 CAD
Price Per Unit $285,833 CAD
Sale Type Investment
Cap Rate 5.24%
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.29 AC
Building Size 7,200 SF
Average Occupancy 100%
No. Stories 1
Year Built 1961
Parking Ratio 2.5/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 - 600
2+1 4 - 750
3+1 1 - 900
Studios 1 - 650
Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
39-252-01-022
Land Assessment
$23,463 CAD
Improvements Assessment
$79,756 CAD
Total Assessment
$103,220 CAD
  • Listing ID: 33933528

  • Date on Market: 2024-11-20

  • Last Updated:

  • Address: 3620-3632 Ingalls St, Wheat Ridge, CO 80033

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