Turnkey Multifamily Investment
217 Applewood Ct, Brush, CO 80723
MULTI_FAMILY - Brush, CO
Property size:
7,800 SFLot size:
0.33 AcresPrice / SF:
$108/SF- Added:
- Feb 9, 2026
- Days on Market:
- 96
- Last Refresh:
- May 16 at 5:06 pm
Property Features for 217 Applewood Ct
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RESIDENTIA
- Bedrooms
- 64
- Bathrooms
- 32
- Rooms
- Bedroom 39, Bedroom 53, Bedroom 54, Bedroom 7, Bedroom 1, Bathroom 4, Bedroom 47, Bedroom 62, Bedroom 32, Bedroom 15, Bedroom 8, Bedroom 35, Bathroom 17, Bathroom 19, Bedroom 10, Bathroom 21, Bedroom 33, Bathroom 28, Bathroom 5, Bedroom 37, Bedroom 11, Bathroom 14, Bedroom 36, Bedroom 26, Bathroom 30, Bedroom 42, Bedroom 48, Bedroom 19, Bedroom 34, Bathroom 29, Bedroom 4, Bathroom 7, Bedroom 46, Bathroom 13, Bathroom 23, Bedroom 45, Bedroom 14, Bedroom 40, Bedroom 64, Bedroom 28, Bathroom 8, Bedroom 57, Bathroom 16, Bedroom 49, Bedroom 55, Bedroom 43, Bedroom 44, Bathroom 20, Bathroom 27, Bedroom 29, Bedroom 30, Bedroom 2, Bedroom 51, Bedroom 25, Bedroom 24, Bedroom 6, Bedroom 52, Bedroom 60, Bathroom 10, Bedroom 18, Bathroom 3, Bedroom 63, Bedroom 17, Bedroom 50, Bedroom 22, Bathroom 26, Bathroom 15, Bedroom 13, Bedroom 21, Bathroom 22, Bathroom 25, Bedroom 23, Bathroom 12, Bathroom 32, Bedroom 5, Bedroom 59, Bathroom 2, Bedroom 16, Bedroom 9, Bedroom 58, Bedroom 27, Bathroom 18, Bedroom 56, Bedroom 20, Bathroom 9, Bathroom 31, Bedroom 12, Bathroom 1, Bathroom 6, Bedroom 41, Bathroom 11, Bedroom 38, Bedroom 3, Bedroom 31, Bathroom 24, Bedroom 61
- 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 agent Kimberly Austin License #40030051 (303) 558-2301
Listing office eXp Realty LLC 9800 Pyramid Ct. Ste 400, Englewoood, CO (888) 440-2724
Listing date Feb 9, 2026
MLS# 1051193
Listing URL
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.
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.
- Low vacancy rates due to the desirable location.
- Built in 1999.
- Each unit has an eat‑in kitchen.
Overview
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.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$782.0K
NOI $70,378 @ 9.00% cap · cautious / downside scenario
Moderate
$1.01M
NOI $70,378 @ 7.00% cap · market / base-case scenario
Aggressive
$1.41M
NOI $70,378 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| 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 Use Scenarios
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brush
- County
- Morgan
- State
- Colorado
- Longitude
- -103.651067
- Latitude
- 40.255188
Nearby Similar for Sale
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.
