Wheat Ridge Seven-Unit Multifamily
10345 West 41st Avenue Wheat Ridge, CO 80033
10345 West 41st Avenue, Wheat Ridge, CO, 80033
$1,575,000
For Sale
$1,575,000
Seven-unit property with strong income history near Clear Creek Open Space.
Property Size3,973 SF
Price / SF$396.43
Days on Market171
Property Features for 10345 West 41st Avenue
General Information
- Standard status
- Active
- Size
- 3,973 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1962
Listing Agency
Pinnacle Real Estate Advisors
(303) 962-9567
Listed by
Connor Knutson
Source
Pinnaclerea
Added: Jan 27 Checked: Jul 17 at 3:17 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This seven-unit property is located in Wheat Ridge, adjacent to Clear Creek Open Space. The property has a history of strong and stable Net Operating Income, outperforming comparable assets of similar size. Situated just off Kipling, in a quiet Wheat Ridge neighborhood, the property backs directly onto the Clear Creek Trail and over 300 acres of open space, providing easy access to walking and biking paths. It is also located close to Sprouts Farmers Market, the Applewood Retail Center, and the Clear Creek development. The property consists of three single-story buildings. A comprehensive renovation has been completed, including fully updated interiors, roofs, windows, and electrical systems. The property operates efficiently with low ongoing capital needs. Six large garages and storage units offer additional income. The property has a 6.29% current CAP Rate. It is in close proximity to the SCL Health Medical Campus, Gold’s Marketplace Redevelopment, and ample retail. The property has a stable tenant base with minimal turnover. The neighborhood has excellent demographics, with a $102k average household income within a 2-mile radius. The property size is 3973 square feet.
Key Highlights
- Multi‑Year History of Exceptionally Strong and Stable Net Operating Income, Outperforming Comparable Assets
- Enjoy a 6.29% Current CAP Rate
- Backs to Clear Creek Trail & 300 Acres of Open Space
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Seven-unit property with strong income history near Clear Creek Open Space.
Where is this apartment building located?
The property is located at 10345 West 41st Avenue Wheat Ridge, CO.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Multi‑Year History of Exceptionally Strong and Stable Net Operating Income, Outperforming Comparable Assets; Enjoy a 6.29% Current CAP Rate; Backs to Clear Creek Trail & 300 Acres of Open Space
