Workforce Quadplex Income
7240 Tennyson St Westminster, CO 80030
For Sale
$865,000
Quadplex workforce housing asset for sale with a stated 6.64% going-in cap rate.
Days on Market113
Property Features for 7240 Tennyson St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing Agency:
(303) 328-2064
Listed By:
Jason Hornik · License #License(s): CO: FA. 100070708
(303) 328-2064
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 21
Last Checked: Jul 24 at 4:39AM
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 Jason Hornik
Investment Insights
Based on property information with market context.
7240 Tennyson St, Westminster, CO 80030 is a quadplex presented for sale as workforce housing. The property is described as a clean, well-located asset in the Westminster corridor.
In the seller’s underwriting, the offering reflects a going-in cap rate of 6.64% and projects the ability to expand to 7.51% in Year One. The remarks attribute this path to operational improvements and mark-to-market rent growth.
Overall, the asset is positioned as an income-focused multifamily investment with documented expectations for near-term yield expansion within the first year, based on the stated financial assumptions.
In the seller’s underwriting, the offering reflects a going-in cap rate of 6.64% and projects the ability to expand to 7.51% in Year One. The remarks attribute this path to operational improvements and mark-to-market rent growth.
Overall, the asset is positioned as an income-focused multifamily investment with documented expectations for near-term yield expansion within the first year, based on the stated financial assumptions.
Key Highlights
- Quadplex workforce housing asset for sale at a stated 6.64% going‑in cap rate
- Ability to expand to a 7.51% cap rate in Year One, per the provided information
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Quadplex workforce housing asset for sale with a stated 6.64% going-in cap rate.
Where is this quadplex located?
The property is located at 7240 Tennyson St Westminster, CO.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Quadplex workforce housing asset for sale at a stated 6.64% going‑in cap rate; Ability to expand to a 7.51% cap rate in Year One, per the provided information
