For Sale
$2,100,000

180 20Th AveBrighton, CO 80601

High-Yield Multifamily Investment in Brighton, CO

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 10-unit apartment building in Brighton, Colorado, presents a compelling investment opportunity. Boasting a 6.22% cap rate and a pro-forma cap rate of 7.21%, this property offers strong immediate cash flow and significant upside potential. The 6,600 square foot building, constructed in 1971, sits on a 0.65-acre lot and features a desirable mix of eight two-bedroom/one-bathroom units and two one-bedroom/one-bathroom units. All units are currently 100% occupied and have been recently updated with modern finishes, including in-unit laundry and individual furnaces, ensuring resident comfort and satisfaction. Located at 180 S 20th Ave, in Adams County, zip code 80601, this two-story building benefits from its peaceful residential neighborhood setting while enjoying proximity to Denver and Boulder. The property's excellent condition, strong tenant occupancy, and the potential for future appreciation in this rapidly growing market make it an ideal investment for discerning buyers. The asking price is $2,100,000, representing $210,000 per unit. The current NOI is $130,724, with a pro-forma NOI of $151,307. This property offers a rare combination of immediate income and long-term growth potential in a desirable Colorado location.

Highlights

  • Desirable unit mix of eight 2-bedroom/1-bathroom and two 1-bedroom/1-bathroom units.
  • Located in a quiet, family-friendly Brighton, CO neighborhood near Denver and Boulder.
  • All units boast updated interiors with modern finishes, including in-unit laundry and individual furnaces.
  • Property systems are in excellent condition.
  • Strong investment opportunity with a 6.22% cap rate, $130,724 current NOI, and significant upside potential in a rapidly growing market.

Property Details for 180 20Th Ave

Property type
Apartment buildings
Square Feet
6,600 SF
Year Built
1971
Stories
2
Lot Size (sq. ft)
28,314 SF
Units
10

Location Insight

City
Brighton
County
Adams
State
Colorado
Latitude
39.984813
Longitude
-104.7974743
180 20Th Ave, Brighton, Colorado

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180 20Th Ave
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