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Grove Gardens 3076 W 71st Way 36 Unit Apartment Building $7,573,215 CAD ($210,367 CAD/Unit) 7.32% Cap Rate Westminster, CO 80030

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INVESTMENT HIGHLIGHTS

$680,000 Price Reduction!!
Priced Well Below Comparable Properties at Just $170k/Unit
Short Walk to Major Planned Developments: Northgate Center (Directly Across Street) and Sherman Redevelopment (1/4 Mile South)

7.01% Current CAP Rate!!
All 2Bd/1Ba Units on Large, 1 Acre Lot
Favorable SPD Zoning (Specific Plan District) Allows for Multiple Future Redevelopment Options

EXECUTIVE SUMMARY

MASSIVE PRICE REDUCTION! 36-Units in Westminster, CO; 7.01% Current CAP Rate!

3076 W 71st Way - OM (EMAIL)

FINANCIAL SUMMARY (ACTUAL - 2025)	ANNUAL (CAD)	ANNUAL PER SF (CAD)
Gross Rental Income	$832,777	$30.44
Other Income	$7,177	$0.26
Vacancy Loss	$41,997	$1.53
Effective Gross Income	$797,957	$29.17
Taxes	$53,529	$1.96
Operating Expenses	$213,732	$7.81
Total Expenses	$267,261	$9.77
Net Operating Income	$530,695	$19.40

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income (CAD)
Annual	$832,777
Annual Per SF	$30.44

Other Income (CAD)
Annual	$7,177
Annual Per SF	$0.26

Vacancy Loss (CAD)
Annual	$41,997
Annual Per SF	$1.53

Effective Gross Income (CAD)
Annual	$797,957
Annual Per SF	$29.17

Taxes (CAD)
Annual	$53,529
Annual Per SF	$1.96

Operating Expenses (CAD)
Annual	$213,732
Annual Per SF	$7.81

Total Expenses (CAD)
Annual	$267,261
Annual Per SF	$9.77

Net Operating Income (CAD)
Annual	$530,695
Annual Per SF	$19.40

PROPERTY FACTS

Price	$7,573,215 CAD	Building Class	C
Price Per Unit	$210,367 CAD	Lot Size	1.05 AC
Sale Type	Investment	Building Size	27,938 SF
Cap Rate	7.32%	No. Stories	2
No. Units	36	Year Built	1962
Property Type	Multifamily	Parking Ratio	1.5/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise
Zoning	R-3

Price	$7,573,215 CAD
Price Per Unit	$210,367 CAD
Sale Type	Investment
Cap Rate	7.32%
No. Units	36
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	1.05 AC
Building Size	27,938 SF
No. Stories	2
Year Built	1962
Parking Ratio	1.5/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-3

UNIT AMENITIES

Heating

Kitchen

Range

Handrails

SITE AMENITIES

Laundry Facilities

Trash Pickup - Curbside

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
2+1	36	$1,967 CAD	767

1 1

Walk Score®

Very Walkable (81)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	1825-05-2-01-024	Total Assessment	$461,508 CAD (2024)
Land Assessment	$31,858 CAD (2024)	Annual Taxes	$53,529 CAD ($1.92 CAD/SF)
Improvements Assessment	$429,650 CAD (2024)	Tax Year	2025