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Clear Creek Apartments 10345-10365 W 41st Ave 7 Unit Apartment Building $2,171,137 CAD ($310,162 CAD/Unit) 6.29% 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 |
$178,736
|
$29.02
|
| Other Income |
$30,774
|
$5.00
|
| Vacancy Loss |
$10,475
|
$1.70
|
| Effective Gross Income |
$199,035
|
$32.31
|
| Taxes |
$12,797
|
$2.08
|
| Operating Expenses |
$49,609
|
$8.05
|
| Total Expenses |
$62,406
|
$10.13
|
| Net Operating Income |
$136,629
|
$22.18
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $178,736 |
| Annual Per SF | $29.02 |
| Other Income (CAD) | |
|---|---|
| Annual | $30,774 |
| Annual Per SF | $5.00 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $10,475 |
| Annual Per SF | $1.70 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $199,035 |
| Annual Per SF | $32.31 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,797 |
| Annual Per SF | $2.08 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $49,609 |
| Annual Per SF | $8.05 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $62,406 |
| Annual Per SF | $10.13 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $136,629 |
| Annual Per SF | $22.18 |
PROPERTY FACTS
| Price | $2,171,137 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $310,162 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 6.29% | Building Size | 7,000 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 | $2,171,137 CAD |
| Price Per Unit | $310,162 CAD |
| Sale Type | Investment |
| Cap Rate | 6.29% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 7,000 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 | $2,185 CAD | 561 |
1 1
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 39-214-05-003 | Total Assessment | $135,220 CAD (2024) |
| Land Assessment | $28,382 CAD (2024) | Annual Taxes | $12,797 CAD ($1.83 CAD/SF) |
| Improvements Assessment | $106,837 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
39-214-05-003
Land Assessment
$28,382 CAD (2024)
Improvements Assessment
$106,837 CAD (2024)
Total Assessment
$135,220 CAD (2024)
Annual Taxes
$12,797 CAD ($1.83 CAD/SF)
Tax Year
2025
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Clear Creek Apartments | 10345-10365 W 41st Ave
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