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Grove Gardens 3076 W 71st Way 36 Unit Apartment Building $7,540,395 CAD ($209,455 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	$829,168	$30.31
Other Income	$7,146	$0.26
Vacancy Loss	$41,815	$1.53
Effective Gross Income	$794,498	$29.04
Taxes	$53,297	$1.95
Operating Expenses	$227,811	$8.33
Total Expenses	$281,108	$10.27
Net Operating Income	$513,391	$18.76

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income (CAD)
Annual	$829,168
Annual Per SF	$30.31

Other Income (CAD)
Annual	$7,146
Annual Per SF	$0.26

Vacancy Loss (CAD)
Annual	$41,815
Annual Per SF	$1.53

Effective Gross Income (CAD)
Annual	$794,498
Annual Per SF	$29.04

Taxes (CAD)
Annual	$53,297
Annual Per SF	$1.95

Operating Expenses (CAD)
Annual	$227,811
Annual Per SF	$8.33

Total Expenses (CAD)
Annual	$281,108
Annual Per SF	$10.27

Net Operating Income (CAD)
Annual	$513,391
Annual Per SF	$18.76

PROPERTY FACTS

Price	$7,540,395 CAD	Building Class	C
Price Per Unit	$209,455 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	$7,540,395 CAD
Price Per Unit	$209,455 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	$1,959 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	$494,937 CAD
Land Assessment	$34,159 CAD	Annual Taxes	$53,297 CAD ($1.91 CAD/SF)
Improvements Assessment	$460,777 CAD	Tax Year	2025