7251 Samuel DrDenver, CO 80221

Property Details for 7251 Samuel Dr

Year built

1970

Property size (Sq ft)

55,638 SF

Property type

Apartment buildings

Description

Exceptional value-add opportunity awaits with this 102-unit apartment building in Denver, Colorado. Located at 7251 Samuel Dr, this property boasts a prime location just 10 minutes north of Downtown Denver, offering easy access to major employment centers like the NW Business Corridor, Broomfield, Interlocken, and Boulder. The three identical, three-story buildings, constructed in 1970, comprise 96 one-bedroom and six two-bedroom units, providing streamlined operational efficiency. The 55,638 square foot complex sits on an 87,100 square foot lot and features off-street parking, well-maintained common areas, a manager's office, and on-site laundry facilities. Recent upgrades include energy-efficient improvements such as vinyl double-pane windows, new LVT flooring, fresh paint, updated electrical systems, new/repaired boilers, and solar panels to help offset utility expenses. Currently, the property generates a NOI of $914,330, with a pro-forma NOI of $1,290,587, representing a 5.90% cap rate and a pro-forma cap rate of 6.87%. The asking price is $15,200,000, or $149,020 per unit. With below-market rents and the potential for cosmetic upgrades to kitchens and bathrooms, this property presents a significant opportunity for investors seeking immediate upside and long-term growth. The property is zoned R-4 and offers ample off-street parking and spacious exterior courtyards. This is a truly compelling investment opportunity in a thriving Denver market.

Location Insight

City

Denver

County

Adams

State

Colorado

Latitude

39.8284

Longitude

-105.008

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