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Asbury Gardens 4640 E Asbury Cir 22 Unit Apartment Building $5,372,455 CAD ($244,203 CAD/Unit) 6.19% Cap Rate Denver, CO 80222
INVESTMENT HIGHLIGHTS
- All units updated in 2020-2021 ($300k spent)
- On-site common laundry for tenant use (seller owned)
- 3 off-street parking spaces (additional income)
- Individual furnace/hot water in units, tenants billed directly
- Tenants pay for gas/unit electric directly; billed back for water/sewer/trash
- Assumable debt at 2.95%
EXECUTIVE SUMMARY
NorthPeak Commercial Real Estate Advisors is pleased to present Asbury Gardens, a turn-key 22-unit apartment community with (2) 1Bd/1Ba units, (19) 2Bd/1Ba units and (1) 3Bd/1Ba unit. All units show very well having received a total renovation since 2021 by current ownership.
Asbury Gardens is well-located between Cherry Creek and the Denver Tech Center (DTC) with great access to all of Denver. Tenants are also a short walk to the RTD Light Rail via a pedestrian bridge that begins just steps from the front of the property. The asset also offers great curb appeal with a mid century aesthetic and a nicely landscaped courtyard that anchors this quiet community.
Finally, Asbury Gardens is brought to market with the option of assumable debt at just 2.95%. Please contact listing brokers for details and showings.
Asbury Gardens is well-located between Cherry Creek and the Denver Tech Center (DTC) with great access to all of Denver. Tenants are also a short walk to the RTD Light Rail via a pedestrian bridge that begins just steps from the front of the property. The asset also offers great curb appeal with a mid century aesthetic and a nicely landscaped courtyard that anchors this quiet community.
Finally, Asbury Gardens is brought to market with the option of assumable debt at just 2.95%. Please contact listing brokers for details and showings.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$525,665
|
$34.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$525,665
|
$34.16
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $525,665 |
| Annual Per SF | $34.16 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $525,665 |
| Annual Per SF | $34.16 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $5,372,455 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $244,203 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Cap Rate | 6.19% | Building Size | 15,980 SF |
| No. Units | 22 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 0.19/1,000 SF |
| Zoning | S-MU-5 | ||
| Price | $5,372,455 CAD |
| Price Per Unit | $244,203 CAD |
| Sale Type | Investment |
| Cap Rate | 6.19% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 15,980 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 0.19/1,000 SF |
| Zoning | S-MU-5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Gated
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 630 |
| 2+1 | 19 | - | 662 |
| 3+1 | 1 | - | 850 |
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 6302-23-009 | Improvements Assessment | $360,902 CAD (2024) |
| Land Assessment | $20,102 CAD (2024) | Total Assessment | $381,004 CAD (2024) |
PROPERTY TAXES
Parcel Number
6302-23-009
Land Assessment
$20,102 CAD (2024)
Improvements Assessment
$360,902 CAD (2024)
Total Assessment
$381,004 CAD (2024)
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Asbury Gardens | 4640 E Asbury Cir
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