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Grove Gardens 3076 W 71st Way 36 Unit Apartment Building $7,433,730 CAD ($206,492 CAD/Unit) 6.81% 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)

6.81% 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	$817,438	$29.88
Other Income	$7,045	$0.26
Vacancy Loss	$41,224	$1.51
Effective Gross Income	$783,260	$28.63
Taxes	$52,543	$1.92
Operating Expenses	$224,588	$8.21
Total Expenses	$277,131	$10.13
Net Operating Income	$506,128	$18.50

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual	$817,438
Annual Per SF	$29.88

Other Income (CAD)
Annual	$7,045
Annual Per SF	$0.26

Vacancy Loss (CAD)
Annual	$41,224
Annual Per SF	$1.51

Effective Gross Income (CAD)
Annual	$783,260
Annual Per SF	$28.63

Taxes (CAD)
Annual	$52,543
Annual Per SF	$1.92

Operating Expenses (CAD)
Annual	$224,588
Annual Per SF	$8.21

Total Expenses (CAD)
Annual	$277,131
Annual Per SF	$10.13

Net Operating Income (CAD)
Annual	$506,128
Annual Per SF	$18.50

Property Facts

Price	$7,433,730 CAD	Building Class	C
Price Per Unit	$206,492 CAD	Lot Size	1.05 AC
Sale Type	Investment	Building Size	27,938 SF
Cap Rate	6.81%	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	$7,433,730 CAD
Price Per Unit	$206,492 CAD
Sale Type	Investment
Cap Rate	6.81%
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	$1,931 CAD	767

1 1

Walk Score®

Very Walkable (81)

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Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

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, 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	$491,450 CAD
Land Assessment	$33,919 CAD	Annual Taxes	$52,543 CAD ($1.88 CAD/SF)
Improvements Assessment	$457,532 CAD	Tax Year	2025