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Corona Apartments 1228 N Corona St 7 Unit Apartment Building $1,519,368 CAD ($217,053 CAD/Unit) 6.22% Cap Rate Denver, CO 80218
INVESTMENT HIGHLIGHTS
- 11 miles from Downtown Denver.
- Fully leased!
EXECUTIVE SUMMARY
Corona Apartments offers a mixture of comfort, style, and convenience. Offering 1 to 3 bedroom floor plans. This community delivers a wide variety of amenities including: high-speed internet access, balconies, and convenient on-site parking options. Experience a new standard at Corona Apartments.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$116,130
|
$48.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$116,130
|
$48.88
|
| Taxes |
$10,331
|
$4.35
|
| Operating Expenses |
$17,973
|
$7.56
|
| Total Expenses |
$28,304
|
$11.91
|
| Net Operating Income |
$87,826
|
$36.96
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $116,130 |
| Annual Per SF | $48.88 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $116,130 |
| Annual Per SF | $48.88 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,331 |
| Annual Per SF | $4.35 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $17,973 |
| Annual Per SF | $7.56 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,304 |
| Annual Per SF | $11.91 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $87,826 |
| Annual Per SF | $36.96 |
PROPERTY FACTS
| Price | $1,519,368 CAD | Building Class | C |
| Price Per Unit | $217,053 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 2,376 SF |
| Cap Rate | 6.22% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1892 |
| Property Subtype | Apartment | Parking Ratio | 2.1/1,000 SF |
| Zoning | g-mu-5 - g-mu-5 | ||
| Price | $1,519,368 CAD |
| Price Per Unit | $217,053 CAD |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,376 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1892 |
| Parking Ratio | 2.1/1,000 SF |
| Zoning | g-mu-5 - g-mu-5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
SITE AMENITIES
- Laundry Facilities
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
| 1+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 5022-23-007 | Total Assessment | $135,393 CAD |
| Land Assessment | $38,098 CAD | Annual Taxes | $10,331 CAD ($4.35 CAD/SF) |
| Improvements Assessment | $97,295 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5022-23-007
Land Assessment
$38,098 CAD
Improvements Assessment
$97,295 CAD
Total Assessment
$135,393 CAD
Annual Taxes
$10,331 CAD ($4.35 CAD/SF)
Tax Year
2024
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Corona Apartments | 1228 N Corona St
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