For Sale
$2,520,000

730 Mather StBrighton, CO 80601

12-Unit Apartment Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 12-unit apartment building in Brighton, Colorado presents a compelling investment opportunity. Located at 730 Mather Street, this two-story, 10,664 square foot property sits on a 0.35-acre lot and boasts a desirable unit mix: eight two-bedroom, two three-bedroom, and two one-bedroom units. Built in 1974, the building has undergone significant updates, resulting in modern interiors and excellent condition throughout. All units feature updated finishes, providing a high-quality living experience for residents. The property enjoys a quiet, family-friendly neighborhood setting with convenient access to nearby amenities and is situated near Brighton High School. The current Net Operating Income (NOI) is $141,055, yielding a 5.60% cap rate. Pro-forma NOI is projected at $187,537, representing a 7.44% pro-forma cap rate. This translates to a price per unit of $210,000 and a price per square foot of $236.31. The property's strong performance, combined with its location in a rapidly growing market, offers investors a stable, cash-flowing asset with significant potential for future appreciation. This is an ideal opportunity for investors seeking immediate returns and long-term growth in a desirable Colorado location. The asking price for this exceptional property is $2,520,000.

Highlights

  • $2,520,000 asking price for a 12-unit apartment building.
  • Excellent condition, 10,664 square feet building on a 0.35-acre lot.
  • 5.60% current cap rate, 7.44% pro-forma cap rate; $141,055 current NOI, $187,537 pro-forma NOI.
  • Desirable unit mix (8 two-bedroom, 2 three-bedroom, 2 one-bedroom units) with updated interiors.
  • Located in a quiet, family-friendly Brighton, CO neighborhood near amenities and Brighton High School.

Property Details for 730 Mather St

Property type
Apartment buildings
Square Feet
10,664 SF
Year Built
1974
Stories
2
Lot Size (sq. ft)
15,246 SF
Units
12

Location Insight

City
Brighton
County
Adams
State
Colorado
Latitude
39.980326
Longitude
-104.8136112
730 Mather St, Brighton, Colorado

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730 Mather St
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