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South Bannock Apartments 3525 S Bannock St 6 Unit Apartment Building $2,388,263 CAD ($398,044 CAD/Unit) 5.41% Cap Rate Englewood, CO 80110
INVESTMENT HIGHLIGHTS
- Location close to Swedish Hospital and walking distance to many amenities
- Fully rented in a safe neighborhood with recent updates
- Units are updated, light and bright, with electronic access and a private parking lot for tenants
EXECUTIVE SUMMARY
Ideal for 1031 Exchange Buyers | Fully Leased, Cash-Flowing 6-Unit in Prime Englewood Location
Discover a unique investment opportunity in the heart of Englewood, CO—a meticulously maintained, cash-flow positive 6-unit apartment building with no current vacancies. Whether you're a seasoned investor or in the middle of a 1031 exchange, this turnkey property offers immediate income and long-term upside.
Each unit is a modern 1-bedroom, 1-bathroom home that has been recently renovated to offer a comfortable, low-maintenance living experience. The property features:
Modern Interiors – Each apartment includes hardwood floors, a full kitchen, and its own A/C unit, combining the best of one-bedroom and studio styles for a bright and efficient layout.
Inclusive Amenities – Rent currently covers heat, water, and hot water, creating a hassle-free experience for tenants and simplified operations for the owner.
Dedicated Parking – Each unit includes a reserved parking spot in the rear lot.
Onsite Facilities – Enjoy coin laundry (soon transitioning to card-operated), a shared courtyard, and a pet-friendly lawn.
Smart Technology & Security – Units are equipped with smart locks, and the building will soon feature upgraded access control, allowing tenants to buzz in guests and deliveries from their phones.
Location Highlights:
- Just one mile to Swedish Medical Center
- Under one mile to light rail, with direct access to downtown Denver's restaurants, concerts, and sporting events
- Surrounded by grocery stores, restaurants, and a growing number of local breweries along Broadway
- Walkable, bikeable, and commuter-friendly
Recent Upgrades Include:
New roof and sewer line, offering peace of mind and strong long-term value
Whether you're looking to reinvest capital gains through a 1031 exchange or expand your portfolio with a stable, income-producing asset, the Bannock St. Apartments offer the rare combination of modern amenities, consistent returns, and prime location.
Please note: 24 hours’ notice and proof of funds required for all showings, as the property is fully leased.
Discover a unique investment opportunity in the heart of Englewood, CO—a meticulously maintained, cash-flow positive 6-unit apartment building with no current vacancies. Whether you're a seasoned investor or in the middle of a 1031 exchange, this turnkey property offers immediate income and long-term upside.
Each unit is a modern 1-bedroom, 1-bathroom home that has been recently renovated to offer a comfortable, low-maintenance living experience. The property features:
Modern Interiors – Each apartment includes hardwood floors, a full kitchen, and its own A/C unit, combining the best of one-bedroom and studio styles for a bright and efficient layout.
Inclusive Amenities – Rent currently covers heat, water, and hot water, creating a hassle-free experience for tenants and simplified operations for the owner.
Dedicated Parking – Each unit includes a reserved parking spot in the rear lot.
Onsite Facilities – Enjoy coin laundry (soon transitioning to card-operated), a shared courtyard, and a pet-friendly lawn.
Smart Technology & Security – Units are equipped with smart locks, and the building will soon feature upgraded access control, allowing tenants to buzz in guests and deliveries from their phones.
Location Highlights:
- Just one mile to Swedish Medical Center
- Under one mile to light rail, with direct access to downtown Denver's restaurants, concerts, and sporting events
- Surrounded by grocery stores, restaurants, and a growing number of local breweries along Broadway
- Walkable, bikeable, and commuter-friendly
Recent Upgrades Include:
New roof and sewer line, offering peace of mind and strong long-term value
Whether you're looking to reinvest capital gains through a 1031 exchange or expand your portfolio with a stable, income-producing asset, the Bannock St. Apartments offer the rare combination of modern amenities, consistent returns, and prime location.
Please note: 24 hours’ notice and proof of funds required for all showings, as the property is fully leased.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,388,263 CAD | Building Class | C |
| Price Per Unit | $398,044 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 4,752 SF |
| Cap Rate | 5.41% | Average Occupancy | 100% |
| Gross Rent Multiplier | 14.24 | No. Stories | 3 |
| No. Units | 6 | Year Built/Renovated | 1948/2023 |
| Property Type | Multifamily | Parking Ratio | 1.47/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MU-R-3-B, Englewood - MU-R-3-B zoning allows medium-density residential and limited commercial uses in a walkable, neighborhood-friendly setting. | ||
| Price | $2,388,263 CAD |
| Price Per Unit | $398,044 CAD |
| Sale Type | Investment |
| Cap Rate | 5.41% |
| Gross Rent Multiplier | 14.24 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,752 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1948/2023 |
| Parking Ratio | 1.47/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MU-R-3-B, Englewood - MU-R-3-B zoning allows medium-density residential and limited commercial uses in a walkable, neighborhood-friendly setting. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Hardwood Floors
- Oven
- Stainless Steel Appliances
SITE AMENITIES
- Courtyard
- Fenced Lot
- Laundry Facilities
- Pet Play Area
- Bicycle Storage
- Community-Wide WiFi
- Key Fob Entry
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $2,347 CAD | 500 |
| 1+1 | 5 | $2,624 CAD | 700 |
1 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 2077-03-2-02-029 | Total Assessment | $83,974 CAD |
| Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2077-03-2-02-029
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$83,974 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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South Bannock Apartments | 3525 S Bannock St
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