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    Turnkey Multifamily Investment Opportunity Title is generated by Realmo AI

    217 Applewood Ct, Brush, CO 80723

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    Claim this Listing
    For Sale
    $850,000

    MULTI_FAMILY - Brush, CO

    Property size:
    7,800 SF
    Lot size:
    0.33 Acres
    Price / SF:
    $108/SF
    Added:
    Feb 9, 2026
    Days on Market:
    150
    Last Refresh:
    Jul 9 at 4:06 am

    Property Features for 217 Applewood Ct

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RESIDENTIA
    Bedrooms
    64
    Bathrooms
    32
    Rooms
    Bedroom 45, Bedroom 54, Bedroom 2, Bathroom 14, Bedroom 47, Bathroom 17, Bedroom 51, Bedroom 28, Bedroom 36, Bedroom 11, Bedroom 12, Bathroom 8, Bedroom 34, Bathroom 20, Bathroom 27, Bathroom 9, Bedroom 25, Bedroom 1, Bedroom 33, Bathroom 24, Bedroom 19, Bathroom 15, Bathroom 13, Bathroom 31, Bedroom 20, Bathroom 21, Bedroom 3, Bathroom 12, Bathroom 11, Bedroom 26, Bathroom 28, Bedroom 32, Bedroom 39, Bedroom 37, Bedroom 64, Bathroom 3, Bedroom 27, Bedroom 61, Bedroom 57, Bedroom 29, Bedroom 56, Bathroom 18, Bedroom 15, Bedroom 58, Bedroom 46, Bedroom 62, Bedroom 22, Bathroom 1, Bedroom 63, Bedroom 16, Bedroom 55, Bathroom 19, Bathroom 25, Bedroom 44, Bedroom 6, Bedroom 35, Bedroom 52, Bathroom 22, Bedroom 5, Bedroom 4, Bedroom 50, Bathroom 4, Bathroom 23, Bedroom 59, Bedroom 38, Bathroom 10, Bedroom 53, Bedroom 13, Bathroom 16, Bedroom 30, Bathroom 2, Bedroom 60, Bedroom 31, Bedroom 48, Bathroom 7, Bedroom 41, Bathroom 26, Bedroom 24, Bathroom 30, Bedroom 7, Bathroom 6, Bathroom 32, Bedroom 42, Bathroom 29, Bedroom 43, Bathroom 5, Bedroom 14, Bedroom 21, Bedroom 40, Bedroom 18, Bedroom 23, Bedroom 9, Bedroom 10, Bedroom 49, Bedroom 17, Bedroom 8
    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

    We can help!

    Contact an agent
    Kimberly Austin
    Kimberly Austin

    Listing agent Kimberly Austin License #40030051

    Listing office eXp Realty LLC 9800 Pyramid Ct. Ste 400, Englewoood, CO

    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.

    Local 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 (±1% cap)
    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 (±1% cap)
    NOI $159,869 @ 7.0% cap · market cap 18.81%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Dental Office Parking Lot & Garage Kitchen & Bath Showroom Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brush
    County
    Morgan
    State
    Colorado
    Longitude
    -103.651067
    Latitude
    40.255188

    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.
    More about this property
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