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Flats at 37th Place 6700 W 37th Pl 7 Unit Apartment Building $1,986,079 CAD ($283,726 CAD/Unit) 6.01% Cap Rate Wheat Ridge, CO 80033
Investment Highlights
- Just 0.32% Historical Vacancy – Rent Upside!
- 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
JUST LISTED! Beautiful Wheat Ridge Apt Bldg; Low Historical Vacancy
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$168,885
|
$42.76
|
| Other Income |
$11,947
|
$3.02
|
| Vacancy Loss |
$5,425
|
$1.37
|
| Effective Gross Income |
$175,406
|
$44.41
|
| Taxes |
$9,698
|
$2.46
|
| Operating Expenses |
$46,348
|
$11.73
|
| Total Expenses |
$56,046
|
$14.19
|
| Net Operating Income |
$119,361
|
$30.22
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $168,885 |
| Annual Per SF | $42.76 |
| Other Income (CAD) | |
|---|---|
| Annual | $11,947 |
| Annual Per SF | $3.02 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,425 |
| Annual Per SF | $1.37 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $175,406 |
| Annual Per SF | $44.41 |
| Taxes (CAD) | |
|---|---|
| Annual | $9,698 |
| Annual Per SF | $2.46 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $46,348 |
| Annual Per SF | $11.73 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $56,046 |
| Annual Per SF | $14.19 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $119,361 |
| Annual Per SF | $30.22 |
Property Facts
| Price | $1,986,079 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $283,726 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 6.01% | Building Size | 3,953 SF |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment |
| Price | $1,986,079 CAD |
| Price Per Unit | $283,726 CAD |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| 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 | $1,609 CAD | 500 |
| 1+1 | 2 | $1,818 CAD | 500 |
| 2+1 | 4 | $2,119 CAD | 650 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 39-252-06-001 | Total Assessment | $112,199 CAD (2024) |
| Land Assessment | $23,045 CAD (2024) | Annual Taxes | $9,698 CAD ($2.45 CAD/SF) |
| Improvements Assessment | $89,153 CAD (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
39-252-06-001
Land Assessment
$23,045 CAD (2024)
Improvements Assessment
$89,153 CAD (2024)
Total Assessment
$112,199 CAD (2024)
Annual Taxes
$9,698 CAD ($2.45 CAD/SF)
Tax Year
2026
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Flats at 37th Place | 6700 W 37th Pl
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