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Investment Highlights

  • $120k Price Reduction!
  • Updated Interiors with Beautiful Hardwood Floors
  • Individual Tenant Storage Lockers
  • Excellent Mix of Studios, 1Bd and 2Bd Units
  • Priced Well Below Comparable Properties
  • Attractive Curb Appeal on Corner Lot

Executive Summary

PRICE REDUCED! Beautiful Wheat Ridge Apt Bldg

Financial Summary (Pro Forma - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $153,113 $38.76
Other Income $12,531 $3.17
Vacancy Loss $4,383 $1.11
Effective Gross Income $161,261 $40.83
Taxes $9,672 $2.45
Operating Expenses $50,216 $12.71
Total Expenses $59,888 $15.16
Net Operating Income $101,372 $25.66

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $153,113
Annual Per SF $38.76
Other Income (CAD)
Annual $12,531
Annual Per SF $3.17
Vacancy Loss (CAD)
Annual $4,383
Annual Per SF $1.11
Effective Gross Income (CAD)
Annual $161,261
Annual Per SF $40.83
Taxes (CAD)
Annual $9,672
Annual Per SF $2.45
Operating Expenses (CAD)
Annual $50,216
Annual Per SF $12.71
Total Expenses (CAD)
Annual $59,888
Annual Per SF $15.16
Net Operating Income (CAD)
Annual $101,372
Annual Per SF $25.66

Property Facts

Price $1,856,374 CAD
Price Per Unit $265,196 CAD
Sale Type Investment
Cap Rate 5.47%
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.28 AC
Building Size 3,953 SF
No. Stories 1
Year Built 1956

Amenities

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 $1,343 CAD 500
1+1 2 $1,588 CAD 500
2+1 4 $2,089 CAD 650
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
39-252-06-001
Land Assessment
$21,571 CAD (2025)
Improvements Assessment
$107,157 CAD (2025)
Total Assessment
$128,728 CAD (2025)
Annual Taxes
$9,672 CAD ($2.45 CAD/SF)
Tax Year
2026
  • Listing ID: 39158509

  • Date on Market: 2026-01-21

  • Last Updated:

  • Address: 6700 W 37th Pl, Wheat Ridge, CO 80033

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