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Flats at 37th Place 6700 W 37th Pl 7 Unit Apartment Building $1,856,374 CAD ($265,196 CAD/Unit) 5.47% Cap Rate Wheat Ridge, CO 80033
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 | Apartment Style | Low-Rise |
| Price Per Unit | $265,196 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 5.47% | Building Size | 3,953 SF |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment |
| 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 |
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 | $128,728 CAD (2025) |
| Land Assessment | $21,571 CAD (2025) | Annual Taxes | $9,672 CAD ($2.45 CAD/SF) |
| Improvements Assessment | $107,157 CAD (2025) | Tax Year | 2026 |
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
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Flats at 37th Place | 6700 W 37th Pl
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