Overland Riverside Townhomes | 700 W Evans Ave
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Overland Riverside Townhomes 700 W Evans Ave
14 Unit Apartment Building $12,719,790 CAD ($908,556 CAD/Unit) 5.16% Cap Rate Denver, CO 80223
Investment Highlights
- Gorgeous New Construction Townhomes with Roof Decks & Mountain Views
- Access to South Platte River, Trails, & Parks
- Close Proximity to Transit
Executive Summary
The Overland Riverside Townhomes are a premier new development featuring 14 townhomes currently under construction and slated for completion towards the end of 2024. This thoughtfully designed community offers a mix of one and two-car garage units, catering to diverse preferences and needs. Strategically located near Ruby Hill Park, Wash Park, and the South Platte River, residents will enjoy easy access to scenic outdoor spaces and recreational trails. The proximity to the Evans Light Rail Stop further enhances the convenience of commuting and connectivity to the broader Denver area. These townhomes present an excellent investment opportunity, promising long-term value appreciation. Investors have the flexibility to sell individual units as needed, making this a versatile addition to any portfolio. With modern design, prime location, and robust growth potential, the Overland Riverside Townhomes are set to become a highly sought-after community.
Data Room Click Here to Access
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $12,719,790 CAD | Property Subtype | Apartment |
| Price Per Unit | $908,556 CAD | Apartment Style | Townhome |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 5.16% | Building Size | 12,506 SF |
| No. Units | 14 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2024 |
| Price | $12,719,790 CAD |
| Price Per Unit | $908,556 CAD |
| Sale Type | Investment |
| Cap Rate | 5.16% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Lot Size | 0.28 AC |
| Building Size | 12,506 SF |
| No. Stories | 4 |
| Year Built | 2024 |
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 14 | $5,013 CAD | 1,283 - 1,980 |
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Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 5273-12-024 | Total Assessment | $172,861 CAD (2023) |
| Land Assessment | $172,861 CAD (2023) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5273-12-024
Land Assessment
$172,861 CAD (2023)
Improvements Assessment
$0 CAD (2023)
Total Assessment
$172,861 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Overland Riverside Townhomes | 700 W Evans Ave
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