Turnkey Multifamily Investment
217 Applewood Ct Brush, CO 80723
For Sale
$850,000
MULTI_FAMILY - Brush, CO
Property Size7,800 SF
Lot Size0.33 Acres
Price / SF$108.97
Days on Market164
Property Features for 217 Applewood Ct
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RESIDENTIA
- Bedrooms
- 64
- Bathrooms
- 32
- Rooms
- Bathroom 18, Bedroom 30, Bedroom 48, Bedroom 53, Bathroom 31, Bedroom 25, Bedroom 26, Bedroom 61, Bedroom 59, Bedroom 50, Bathroom 2, Bathroom 26, Bedroom 47, Bedroom 8, Bedroom 23, Bathroom 11, Bedroom 62, Bathroom 28, Bedroom 3, Bedroom 32, Bathroom 1, Bedroom 55, Bedroom 22, Bedroom 41, Bedroom 10, Bathroom 12, Bathroom 9, Bedroom 2, Bedroom 58, Bathroom 13, Bedroom 40, Bedroom 54, Bedroom 9, Bedroom 49, Bedroom 7, Bathroom 6, Bathroom 16, Bedroom 28, Bathroom 8, Bathroom 14, Bathroom 23, Bedroom 60, Bedroom 57, Bathroom 15, Bedroom 52, Bedroom 31, Bedroom 39, Bedroom 33, Bedroom 44, Bedroom 36, Bedroom 51, Bathroom 7, Bedroom 12, Bedroom 24, Bathroom 19, Bedroom 19, Bedroom 11, Bedroom 16, Bathroom 5, Bathroom 25, Bathroom 4, Bathroom 27, Bedroom 21, Bedroom 20, Bathroom 24, Bedroom 5, Bedroom 34, Bedroom 42, Bathroom 29, Bathroom 10, Bedroom 4, Bedroom 14, Bedroom 1, Bedroom 17, Bedroom 29, Bathroom 30, Bathroom 20, Bedroom 15, Bedroom 64, Bedroom 18, Bathroom 22, Bedroom 37, Bathroom 17, Bathroom 3, Bathroom 21, Bedroom 43, Bathroom 32, Bedroom 27, Bedroom 45, Bedroom 35, Bedroom 46, Bedroom 56, Bedroom 63, Bedroom 6, Bedroom 38, Bedroom 13
- Parking
- 16
- Interior features
- Eat-in Kitchen, Open Floorplan, Kitchen Island
- Appliances
- Gas Range, Dishwasher, Refrigerator
- Standard status
- Active
- APN
- 123104210001
- Size
- 7,800 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6180
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Radiant
Building Details
- Year built
- 1999
- Floors in Building
- 2
- Number of units
- 8
- Building materials
- Frame
Listing Agency:
eXp Realty LLC
(888) 440-2724
Listed By:
Kimberly Austin · License #40030051
(303) 558-2301
Added: Feb 9
Changed: Jul 12
Last Checked: Jul 23 at 9:06PM
MLS# 1051193
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is an 8-unit apartment building located across from East Morgan County Hospital. Each unit features 2 bedrooms, 1 bathroom, and a full laundry room with hookups. The property offers rents, solid occupancy, and low vacancy. The property is located in Brush, CO. The lot size is 0.33 acres and the property size is 7800 square feet. The zoning is residential. The property is intended as a multifamily investment with immediate income and upside potential through continued rent growth.
Key Highlights
- Strong cash flow from 8‑unit apartment building.
- Prime location directly across from East Morgan County Hospital, ensuring consistent tenant demand.
- All units feature 2 bedrooms, 1 bathroom, and a full laundry room with hookups.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $137.6k | $17.64 |
| − Vacancy | −$9.6k | −$1.23 |
| EGI | $128.0k | $16.41 |
| − OpEx | −$57.6k | −$7.38 |
| NOI | $70.4k | $9.02 |
7,800 SF · lease $17.64/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$879.7K – $1.17M
NOI $70,378 @ 7.0% cap · market cap 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,869 @ 7.0% cap · market cap 18.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Cash-flowing 8-plex near hospital, strong tenant demand.
Where is this apartment building located?
The property is located at 217 Applewood Ct Brush, CO.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Strong cash flow from 8‑unit apartment building.; Prime location directly across from East Morgan County Hospital, ensuring consistent tenant demand.; All units feature 2 bedrooms, 1 bathroom, and a full laundry room with hookups.
