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1755 S Broadway 11 Unit Apartment Building $3,892,329 CAD ($353,848 CAD/Unit) 7.01% Cap Rate Denver, CO 80210
Executive Summary
• 100% leased mixed use asset on South Broadway
• 11 apartment units and 2 retail units
• 9 of the 11 apartment units were renovated and finished Summer 2022. Brand new hot water heaters, flooring, electrical, plumbing, paint, kitchens and appliances, etc.
• High visibility property on South Broadway
• Rapidly developing area in the Denver MSA
• New storefront going to be installed in 2024
• Coin laundry recently added for additional income (around $200/mo not factored into NOI)
• 11 apartment units and 2 retail units
• 9 of the 11 apartment units were renovated and finished Summer 2022. Brand new hot water heaters, flooring, electrical, plumbing, paint, kitchens and appliances, etc.
• High visibility property on South Broadway
• Rapidly developing area in the Denver MSA
• New storefront going to be installed in 2024
• Coin laundry recently added for additional income (around $200/mo not factored into NOI)
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$333,451
|
$46.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$333,451
|
$46.36
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$60,504
|
$8.41
|
| Net Operating Income |
$272,947
|
$37.95
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $333,451 |
| Annual Per SF | $46.36 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $333,451 |
| Annual Per SF | $46.36 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $60,504 |
| Annual Per SF | $8.41 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $272,947 |
| Annual Per SF | $37.95 |
Property Facts
| Price | $3,892,329 CAD | Building Class | C |
| Price Per Unit | $353,848 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 7,192 SF |
| Cap Rate | 7.01% | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1961/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | U-MS-5 - Applies primarily to collector or arterial street corridors, or may be embedded within a larger commercial shopping center or mixed use 1-5 stories | ||
| Price | $3,892,329 CAD |
| Price Per Unit | $353,848 CAD |
| Sale Type | Investment |
| Cap Rate | 7.01% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 7,192 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2022 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | U-MS-5 - Applies primarily to collector or arterial street corridors, or may be embedded within a larger commercial shopping center or mixed use 1-5 stories |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5226-10-030 | Improvements Assessment | $1,930,958 CAD (2025) |
| Land Assessment | $915,325 CAD (2025) | Total Assessment | $2,846,283 CAD (2025) |
Property Taxes
Parcel Number
5226-10-030
Land Assessment
$915,325 CAD (2025)
Improvements Assessment
$1,930,958 CAD (2025)
Total Assessment
$2,846,283 CAD (2025)
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1755 S Broadway
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