Turnkey 8-Unit Multifamily
217-219 Applewood Court Brush, CO 80723
For Sale
$850,000
Turnkey 8-unit apartment building with all units featuring two bedrooms, one bath, and laundry hookups.
Property Size7,800 SF
Price / SF$108.97
Days on Market195
Property Features for 217-219 Applewood Court
General Information
- Standard status
- Active
- Size
- 7,800 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1999
Listing Agency:
eXp Realty, LLC
(303) 558-2300
Listed By:
Kimberly Austin · License #40030051
(303) 558-2300
Source:
Exitrealty
Added: Jan 9
Changed: Jul 23
Last Checked: Jul 23 at 10:47AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This turnkey multifamily property includes eight apartment units in a single building. Each unit is laid out with two bedrooms and one bathroom, and each includes a full laundry room with hookups.
The building is located directly across from East Morgan County Hospital. The property is positioned to serve consistent local housing demand tied to a major area employer.
For investors or operators seeking a ready-to-manage rental asset, this 8-unit structure offers a uniform unit mix and in-unit laundry hookups across all units.
The building is located directly across from East Morgan County Hospital. The property is positioned to serve consistent local housing demand tied to a major area employer.
For investors or operators seeking a ready-to-manage rental asset, this 8-unit structure offers a uniform unit mix and in-unit laundry hookups across all units.
Key Highlights
- Turnkey 8‑unit apartment building built in 1999.
- All 8 units feature 2 bedrooms and 1 bathroom.
- Each unit includes 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
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Turnkey 8-unit apartment building with all units featuring two bedrooms, one bath, and laundry hookups.
Where is this apartment building located?
The property is located at 217-219 Applewood Court 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: Turnkey 8‑unit apartment building built in 1999.; All 8 units feature 2 bedrooms and 1 bathroom.; Each unit includes a full laundry room with hookups.
