Silver Leaf Apartments | 8150 W 26th Ave
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Silver Leaf Apartments 8150 W 26th Ave
19 Unit Apartment Building $6,188,160 CAD ($325,693 CAD/Unit) 6.31% Cap Rate Lakewood, CO 80214
Investment Highlights
- 3.1% Assumable Loan Fixed Through May 2031
- Newer Roof, Boiler, Domestic Hot Water Heater & Windows
- Value-Add Opportunity: Rental Upside via Continuing with Interior Renovation Plan
- Mostly Large, 2 Bedroom Units
- 10.77% Current Cash on Cash Return
- Recently Upgraded Plumbing & Electrical
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$519,805
|
$27.70
|
| Other Income |
$62,107
|
$3.31
|
| Vacancy Loss |
$29,096
|
$1.55
|
| Effective Gross Income |
$552,816
|
$29.46
|
| Taxes |
$37,036
|
$1.97
|
| Operating Expenses |
$125,472
|
$6.69
|
| Total Expenses |
$162,508
|
$8.66
|
| Net Operating Income |
$390,308
|
$20.80
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $519,805 |
| Annual Per SF | $27.70 |
| Other Income (CAD) | |
|---|---|
| Annual | $62,107 |
| Annual Per SF | $3.31 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $29,096 |
| Annual Per SF | $1.55 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $552,816 |
| Annual Per SF | $29.46 |
| Taxes (CAD) | |
|---|---|
| Annual | $37,036 |
| Annual Per SF | $1.97 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $125,472 |
| Annual Per SF | $6.69 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $162,508 |
| Annual Per SF | $8.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $390,308 |
| Annual Per SF | $20.80 |
Property Facts
| Price | $6,188,160 CAD | Apartment Style | Low Rise |
| Price Per Unit | $325,693 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.83 AC |
| Cap Rate | 6.31% | Building Size | 18,763 SF |
| No. Units | 19 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.87/1,000 SF |
| Price | $6,188,160 CAD |
| Price Per Unit | $325,693 CAD |
| Sale Type | Investment |
| Cap Rate | 6.31% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.83 AC |
| Building Size | 18,763 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.87/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Carpet
Site Amenities
- Courtyard
- Laundry Facilities
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,477 CAD | 618 |
| 2+1 | 18 | $2,221 CAD | 900 |
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zoning
| Zoning Code | R-5 (High Density Residential) |
| R-5 (High Density Residential) |
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Silver Leaf Apartments | 8150 W 26th Ave
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