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Big Horn Apartments 3201 Riverside Dr 40 Unit Apartment Building $10,230,500 CAD ($255,763 CAD/Unit) 6.35% Cap Rate Idaho Springs, CO 80452
INVESTMENT HIGHLIGHTS
- Well-maintained property with excellent unit mix
- Individual patios or balconies
- $75,000 Heat Exchanger (2025)
- Heated pool, sauna, and workout room on property
- Covered parking
- Tenants enjoy clear creek running on the South side of the property
EXECUTIVE SUMMARY
The Big Horn Apartments is a distinctive multifamily property located in the heart of Idaho Springs. With quick access to I-70, this property offers unbeatable connectivity to Denver, the Front Range, and Colorado’s top mountain destinations, making it an ideal location for long-term residents seeking mountain-town charm with regional accessibility.
Providing high-quality living, the property consists of studio, 1-bedroom/1- bath, and 2-bedroom/2-bath units. All units feature spacious bathrooms and offer private patios or balconies. Situated on nearly 2 acres with Clear Creek running on the South side of the building, the property includes a range of amenities such as a heated pool, sauna, recreation room, workout room, and inviting common areas. Ample parking is available with several covered spaces available for an extra charge.
Providing high-quality living, the property consists of studio, 1-bedroom/1- bath, and 2-bedroom/2-bath units. All units feature spacious bathrooms and offer private patios or balconies. Situated on nearly 2 acres with Clear Creek running on the South side of the building, the property includes a range of amenities such as a heated pool, sauna, recreation room, workout room, and inviting common areas. Ample parking is available with several covered spaces available for an extra charge.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,023,409
|
$28.88
|
| Taxes |
$25,672
|
$0.72
|
| Operating Expenses |
$348,165
|
$9.82
|
| Total Expenses |
$373,836
|
$10.55
|
| Net Operating Income |
$649,573
|
$18.33
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,023,409 |
| Annual Per SF | $28.88 |
| Taxes (CAD) | |
|---|---|
| Annual | $25,672 |
| Annual Per SF | $0.72 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $348,165 |
| Annual Per SF | $9.82 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $373,836 |
| Annual Per SF | $10.55 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $649,573 |
| Annual Per SF | $18.33 |
PROPERTY FACTS
| Price | $10,230,500 CAD | Building Class | C |
| Price Per Unit | $255,763 CAD | Lot Size | 1.99 AC |
| Sale Type | Investment | Building Size | 35,438 SF |
| Cap Rate | 6.35% | Average Occupancy | 97% |
| No. Units | 40 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 3.06/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 - R-3 | ||
| Price | $10,230,500 CAD |
| Price Per Unit | $255,763 CAD |
| Sale Type | Investment |
| Cap Rate | 6.35% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.99 AC |
| Building Size | 35,438 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 1974 |
| Parking Ratio | 3.06/1,000 SF |
| Zoning | R-3 - R-3 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Fitness Center
- Laundry Facilities
- Pool
- Sauna
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | 400 |
| 1+1 | 18 | - | 551 |
| 2+2 | 18 | - | 845 - 909 |
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PROPERTY TAXES
| Parcel Number | 1833-313-00-003 | Total Assessment | $349,032 CAD |
| Land Assessment | $32,097 CAD | Annual Taxes | $25,672 CAD ($0.72 CAD/SF) |
| Improvements Assessment | $316,934 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
1833-313-00-003
Land Assessment
$32,097 CAD
Improvements Assessment
$316,934 CAD
Total Assessment
$349,032 CAD
Annual Taxes
$25,672 CAD ($0.72 CAD/SF)
Tax Year
2024
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Big Horn Apartments | 3201 Riverside Dr
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