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Ponderosa Apartments 2940 W Arkansas Ave 20 Unit Apartment Building $4,930,956 CAD ($246,548 CAD/Unit) 7.09% Cap Rate Denver, CO 80219
Investment Highlights
- 7% CAP RATE ON ACTUAL NUMBERS, 9.5% CASH ON CASH RETURN
- NEW BOILER; UPDATED WINDOWS; NEWER ROOF
- ALL ELECTRIC PANELS REPLACED
- (19) 2BR/1BA & (1) 3BR/2BA UNITS
- NEW PARKING LOT ASPHALT RESURFACING
- 50% OF THE UNITS HAVE BEEN FULLY RENOVATED WITH NEW FLOORING, CABINETS, COUNTERTOPS, APPLIANCES, AND FULL BATHROOM REMODELS
Executive Summary
Ponderosa Apartments represents a quality multifamily investment opportunity situated within a high-demand, transit-oriented Denver submarket. The property distinguishes itself by offering an exceptional 7% CAP rate based on actual trailing 12 month numbers. Recent capital improvements include the installation of a new boiler system, a full electrical upgrade with the replacement of all electrical panels, and the professional resurfacing of the asphalt parking lot.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,930,956 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $246,548 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.94 AC |
| Cap Rate | 7.09% | Building Size | 18,482 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 2.16/1,000 SF |
| Price | $4,930,956 CAD |
| Price Per Unit | $246,548 CAD |
| Sale Type | Investment |
| Cap Rate | 7.09% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.94 AC |
| Building Size | 18,482 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 2.16/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Handrails
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 19 | - | 876 - 880 |
| 3+2 | 1 | - | 1,400 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5201-12-002 | Total Assessment | $366,945 CAD |
| Land Assessment | $44,036 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $44,036 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5201-12-002
Land Assessment
$44,036 CAD
Improvements Assessment
$44,036 CAD
Total Assessment
$366,945 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Ponderosa Apartments | 2940 W Arkansas Ave
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