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The Club Apartments 7300-7310 W 10th Ave 17 Unit Apartment Building $3,940,222 CAD ($231,778 CAD/Unit) 5.95% Cap Rate Lakewood, CO 80214

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Investment Highlights

ASSUMABLE FREDDIE MAC LOAN AVAILABLE - $1,920,000 LOAN BALANCE AT 5.29% UNTIL MAY 2028
NEWLY INSTALLED GUTTERS, HOT WATER HEATER AND ELECTRICAL PANELS.
ATTRACTIVE BASIS RELATIVE TO LAKEWOOD COMPARABLES AND NEWER MULTIFAMILY DEVELOPMENT IN THE DENVER METRO AREA

VALUE-ADD POTENTIAL THROUGH CONTINUED RENOVATION AND ADDING INUNIT WASHER/DRYER
10 UNITS HAVE BEEN RENOVATED INCLUDING NEW FLOORING, KITCHENS, LIGHTING, AND BATHS.
BLOCK AND TWIN T CONSTRUCTION CONTRIBUTE TO LONG-TERM DURABILITY AND REDUCED CAPITAL EXPENDITURE RISK.

Executive Summary

The property is being offered at $2,775,000 ($163,235/unit), which represents one of the more attractive bases currently available in the Lakewood market. • Assumable Freddie Mac loan with a $1.92M balance at 5.29% through May 2028

7310 W 10th Ave - OM Pinnacle REA 2026

Financial Summary (Actual - 2025)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$362,211	$28.88
Other Income	$18,694	$1.49
Vacancy Loss	$19,045	$1.52
Effective Gross Income	$361,860	$28.85
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$127,405	$10.16
Net Operating Income	$234,455	$18.69

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual	$362,211
Annual Per SF	$28.88

Other Income (CAD)
Annual	$18,694
Annual Per SF	$1.49

Vacancy Loss (CAD)
Annual	$19,045
Annual Per SF	$1.52

Effective Gross Income (CAD)
Annual	$361,860
Annual Per SF	$28.85

Taxes (CAD)
Annual	-
Annual Per SF	-

Operating Expenses (CAD)
Annual	-
Annual Per SF	-

Total Expenses (CAD)
Annual	$127,405
Annual Per SF	$10.16

Net Operating Income (CAD)
Annual	$234,455
Annual Per SF	$18.69

Property Facts

Price	$3,940,222 CAD	Building Class	C
Price Per Unit	$231,778 CAD	Lot Size	0.67 AC
Sale Type	Investment	Building Size	12,544 SF
Cap Rate	5.95%	No. Stories	2
No. Units	17	Year Built/Renovated	1960/2021
Property Type	Multifamily	Parking Ratio	2.71/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise
Zoning	R-5

Price	$3,940,222 CAD
Price Per Unit	$231,778 CAD
Sale Type	Investment
Cap Rate	5.95%
No. Units	17
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.67 AC
Building Size	12,544 SF
No. Stories	2
Year Built/Renovated	1960/2021
Parking Ratio	2.71/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-5