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Clear Creek Apartments 10345-10365 W 41st Ave 7 Unit Apartment Building $2,140,425 CAD ($305,775 CAD/Unit) 6.31% Cap Rate Wheat Ridge, CO 80033
Investment Highlights
- Three Single-Story Buildings Adjacent to Clear Creek Open Space
- Turnkey Asset that Operates Efficiently with Low Ongoing Capital Needs
- 6.29% Current CAP Rate!
- Comprehensive Renovation Including Fully Updated Interiors, Roofs, Windows, Electrical and More
- Six Large Garages & Storage Units Offer Additional Income
- Close Proximity to SCL Health Medical Campus, Gold’s Marketplace Redevelopment & Ample Retail
Executive Summary
JUST LISTED! Seven-unit property in Wheat Ridge adjacent to Clear Creek Open Space, backed by a multi-year history of exceptionally strong and stable Net Operating Income, outperforming comparable assets of similar size.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$176,208
|
$28.61
|
| Other Income |
$30,936
|
$5.02
|
| Vacancy Loss |
$10,357
|
$1.68
|
| Effective Gross Income |
$196,787
|
$31.95
|
| Taxes |
$12,616
|
$2.05
|
| Operating Expenses |
$49,090
|
$7.97
|
| Total Expenses |
$61,705
|
$10.02
|
| Net Operating Income |
$135,082
|
$21.93
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $176,208 |
| Annual Per SF | $28.61 |
| Other Income (CAD) | |
|---|---|
| Annual | $30,936 |
| Annual Per SF | $5.02 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $10,357 |
| Annual Per SF | $1.68 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $196,787 |
| Annual Per SF | $31.95 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,616 |
| Annual Per SF | $2.05 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $49,090 |
| Annual Per SF | $7.97 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $61,705 |
| Annual Per SF | $10.02 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $135,082 |
| Annual Per SF | $21.93 |
Property Facts
| Price | $2,140,425 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $305,775 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 6.31% | Building Size | 3,973 SF |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1962/2017 |
| Property Subtype | Apartment | Parking Ratio | 3.02/1,000 SF |
| Price | $2,140,425 CAD |
| Price Per Unit | $305,775 CAD |
| Sale Type | Investment |
| Cap Rate | 6.31% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 3,973 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1962/2017 |
| Parking Ratio | 3.02/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Storage Space
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $2,154 CAD | 561 |
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Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 39-214-05-003 | Total Assessment | $132,205 CAD (2024) |
| Land Assessment | $27,749 CAD (2024) | Annual Taxes | $12,616 CAD ($3.18 CAD/SF) |
| Improvements Assessment | $104,455 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
39-214-05-003
Land Assessment
$27,749 CAD (2024)
Improvements Assessment
$104,455 CAD (2024)
Total Assessment
$132,205 CAD (2024)
Annual Taxes
$12,616 CAD ($3.18 CAD/SF)
Tax Year
2025
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Clear Creek Apartments | 10345-10365 W 41st Ave
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