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Overland Riverside Townhomes 700 W Evans Ave 14 Unit Apartment Building $11,062,155 CAD ($790,154 CAD/Unit) 5.78% Cap Rate Denver, CO 80223
INVESTMENT HIGHLIGHTS
- Gorgeous New Construction Townhomes with Roof Decks & Mountain Views
- Access to South Platte River, Trails, & Parks
- Close Proximity to Transit
EXECUTIVE SUMMARY
The Overland Riverside Townhomes are a premier new development featuring 14 townhomes currently under construction and slated for completion towards the end of 2024. This thoughtfully designed community offers a mix of one and two-car garage units, catering to diverse preferences and needs. Strategically located near Ruby Hill Park, Wash Park, and the South Platte River, residents will enjoy easy access to scenic outdoor spaces and recreational trails. The proximity to the Evans Light Rail Stop further enhances the convenience of commuting and connectivity to the broader Denver area. These townhomes present an excellent investment opportunity, promising long-term value appreciation. Investors have the flexibility to sell individual units as needed, making this a versatile addition to any portfolio. With modern design, prime location, and robust growth potential, the Overland Riverside Townhomes are set to become a highly sought-after community.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$770,890
|
$61.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$38,544
|
$3.08
|
| Effective Gross Income |
$732,345
|
$58.56
|
| Taxes |
$46,519
|
$3.72
|
| Operating Expenses |
$46,669
|
$3.73
|
| Total Expenses |
$93,188
|
$7.45
|
| Net Operating Income |
$639,157
|
$51.11
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $770,890 |
| Annual Per SF | $61.64 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $38,544 |
| Annual Per SF | $3.08 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $732,345 |
| Annual Per SF | $58.56 |
| Taxes (CAD) | |
|---|---|
| Annual | $46,519 |
| Annual Per SF | $3.72 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $46,669 |
| Annual Per SF | $3.73 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $93,188 |
| Annual Per SF | $7.45 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $639,157 |
| Annual Per SF | $51.11 |
PROPERTY FACTS
| Price | $11,062,155 CAD | Property Subtype | Apartment |
| Price Per Unit | $790,154 CAD | Apartment Style | Townhome |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 5.78% | Building Size | 12,506 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2024 |
| Zoning | U-MX-3 | ||
| Price | $11,062,155 CAD |
| Price Per Unit | $790,154 CAD |
| Sale Type | Investment |
| Cap Rate | 5.78% |
| Sale Condition | 1031 Exchange |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Lot Size | 0.28 AC |
| Building Size | 12,506 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2024 |
| Zoning | U-MX-3 |
AMENITIES
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 14 | $4,880 CAD | 1,283 - 1,980 |
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Overland Riverside Townhomes | 700 W Evans Ave
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