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Corona Apartments 1228 N Corona St 7 Unit Apartment Building $1,465,558 CAD ($209,365 CAD/Unit) 6.51% 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 |
$117,245
|
$49.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$117,245
|
$49.35
|
| Taxes |
$10,431
|
$4.39
|
| Operating Expenses |
$18,145
|
$7.64
|
| Total Expenses |
$28,576
|
$12.03
|
| Net Operating Income |
$88,669
|
$37.32
|
Financial Summary (Pro Forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $117,245 |
| Annual Per SF | $49.35 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $117,245 |
| Annual Per SF | $49.35 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,431 |
| Annual Per SF | $4.39 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $18,145 |
| Annual Per SF | $7.64 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,576 |
| Annual Per SF | $12.03 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $88,669 |
| Annual Per SF | $37.32 |
Property Facts
| Price | $1,465,558 CAD | Building Class | C |
| Price Per Unit | $209,365 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 2,376 SF |
| Cap Rate | 6.51% | 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 | $1,465,558 CAD |
| Price Per Unit | $209,365 CAD |
| Sale Type | Investment |
| Cap Rate | 6.51% |
| 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
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5022-23-007 | Total Assessment | $136,629 CAD (2025) |
| Land Assessment | $44,693 CAD (2025) | Annual Taxes | $10,431 CAD ($4.39 CAD/SF) |
| Improvements Assessment | $44,693 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
5022-23-007
Land Assessment
$44,693 CAD (2025)
Improvements Assessment
$44,693 CAD (2025)
Total Assessment
$136,629 CAD (2025)
Annual Taxes
$10,431 CAD ($4.39 CAD/SF)
Tax Year
2024
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Corona Apartments | 1228 N Corona St
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