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2970 Eliot Cir 4 Unit Apartment Building $1,140,563 CAD ($285,141 CAD/Unit) 6.08% Cap Rate Westminster, CO 80030
INVESTMENT HIGHLIGHTS
- All 2Bd/1Ba Units
- Private Garage and Storage Space Provide Additional Income
- Proforma Rents Already Being Achieved
- Individually Metered for Gas & Electric
- Low Maintenance, Brick Building with Pitched Roof
- Short Walk (1/2 Mile) to Westminster Light Rail Station
EXECUTIVE SUMMARY
JUST LISTED! 4-Plex in Westminster, All 2Bds. Units are large and individually metered for gas and electric. The property sits on a large, 0.27-acre lot and includes a private garage and storage space that generate additional income. Prime location—just a short walk to the Westminster Light Rail Station and directly across from Northgate, a major planned development.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$91,245
|
$25.94
|
| Other Income |
$5,807
|
$1.65
|
| Vacancy Loss |
$4,853
|
$1.38
|
| Effective Gross Income |
$92,199
|
$26.21
|
| Taxes |
$7,193
|
$2.04
|
| Operating Expenses |
$15,687
|
$4.46
|
| Total Expenses |
$22,880
|
$6.50
|
| Net Operating Income |
$69,319
|
$19.70
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $91,245 |
| Annual Per SF | $25.94 |
| Other Income (CAD) | |
|---|---|
| Annual | $5,807 |
| Annual Per SF | $1.65 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,853 |
| Annual Per SF | $1.38 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $92,199 |
| Annual Per SF | $26.21 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,193 |
| Annual Per SF | $2.04 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,687 |
| Annual Per SF | $4.46 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $22,880 |
| Annual Per SF | $6.50 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $69,319 |
| Annual Per SF | $19.70 |
PROPERTY FACTS
| Price | $1,140,563 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $285,141 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 6.08% | Building Size | 3,518 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 3.13/1,000 SF |
| Zoning | R-4, Westminster | ||
| Price | $1,140,563 CAD |
| Price Per Unit | $285,141 CAD |
| Sale Type | Investment |
| Cap Rate | 6.08% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 3,518 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 3.13/1,000 SF |
| Zoning | R-4, Westminster |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 1719-32-4-17-007 | Total Assessment | $63,664 CAD (2024) |
| Land Assessment | $8,165 CAD (2024) | Annual Taxes | $7,193 CAD ($2.04 CAD/SF) |
| Improvements Assessment | $55,499 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
1719-32-4-17-007
Land Assessment
$8,165 CAD (2024)
Improvements Assessment
$55,499 CAD (2024)
Total Assessment
$63,664 CAD (2024)
Annual Taxes
$7,193 CAD ($2.04 CAD/SF)
Tax Year
2025
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2970 Eliot Cir
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