730 Mather StBrighton, CO 80601
- Residential income properties
- 10,664 SF
Property Details for 730 Mather St
- Year built
- 1974
- Lot size
- 0.35 AC
- Property size (Sq ft)
- 10,664 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
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.
Location Insight
- City
- Brighton
- County
- Adams
- State
- Colorado
- Latitude
- 39.9803
- Longitude
- -104.814
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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