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11090 W Colfax Ave - 11090–11100 W. Colfax Avenue 25 Unit Apartment Building Offered at $4,708,694 CAD at a 10.27% Cap Rate Lakewood, CO 80215
EXECUTIVE SUMMARY
11090–11100 W. Colfax Avenue is an incredible opportunity for investors to purchase a fully renovated, fully furnished apartment community generating significant returns. Priced above a 10 cap, the property offers tenants short, medium., and longer term rentals that offer flexibility while maximizing cash flow to ownership. Each unit comes furnished with a flat screen tv, full kitchen, couch and bed/bedding. Tenants appreciate that rent is inclusive of high speed internet, all utilities and the property is safe and well maintained. Priced at just 136k/unit for fully renovated, fully furnished one bed/one bath townhomes (and two studio units), 11090 W Colfax represents a property with real cash flow and additional upside.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$715,403
|
$57.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$715,403
|
$57.55
|
| Taxes |
$18,748
|
$1.51
|
| Operating Expenses |
$213,082
|
$17.14
|
| Total Expenses |
$231,830
|
$18.65
|
| Net Operating Income |
$483,573
|
$38.90
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $715,403 |
| Annual Per SF | $57.55 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $715,403 |
| Annual Per SF | $57.55 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,748 |
| Annual Per SF | $1.51 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $213,082 |
| Annual Per SF | $17.14 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $231,830 |
| Annual Per SF | $18.65 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $483,573 |
| Annual Per SF | $38.90 |
PROPERTY FACTS
| Price | $4,708,694 CAD | Building Class | C |
| Price Per Unit | $188,348 CAD | Lot Size | 1.46 AC |
| Sale Type | Investment | Building Size | 12,430 SF |
| Cap Rate | 10.27% | No. Stories | 1 |
| No. Units | 25 | Year Built | 1950 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | M-G-S (Mixed Use General | ||
| Price | $4,708,694 CAD |
| Price Per Unit | $188,348 CAD |
| Sale Type | Investment |
| Cap Rate | 10.27% |
| No. Units | 25 |
| Property Type | Multifamily |
| Building Class | C |
| Lot Size | 1.46 AC |
| Building Size | 12,430 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
| Zoning | M-G-S (Mixed Use General |
AMENITIES
UNIT AMENITIES
- High Speed Internet Access
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 23 | - | 500 |
| Studios | 2 | - | 400 |
1 1
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 49-042-01-002 | Total Assessment | $98,873 CAD (2024) |
| Land Assessment | $87,046 CAD (2024) | Annual Taxes | $18,748 CAD ($1.51 CAD/SF) |
| Improvements Assessment | $11,827 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
49-042-01-002
Land Assessment
$87,046 CAD (2024)
Improvements Assessment
$11,827 CAD (2024)
Total Assessment
$98,873 CAD (2024)
Annual Taxes
$18,748 CAD ($1.51 CAD/SF)
Tax Year
2025
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11090 W Colfax Ave - 11090–11100 W. Colfax Avenue
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