Value-Add Multifamily
640 Jessup Street Brighton, CO 80601
New
For Sale
Contact for pricing
Multifamily investment at 640 Jessup Street with master-metered utilities and noted RUBS implementation opportunity.
Property Size5,705 SF
Price / SF$174.93
Days on Market4
Property Features for 640 Jessup Street
General Information
- Standard status
- Active
- Size
- 5,705 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1974
Listing Agency:
MMG
(303) 990-4361
Listed By:
Kevin Woolsey · License #FA.100079114
Source:
Crexi
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 24 at 5:41AM
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 MMG
Investment Insights
Based on property information with market context.
MMG Real Estate Advisors presents 640 Jessup Street, a multifamily investment property in Brighton, Colorado. The offering is positioned as a value-add opportunity, with public remarks highlighting loss-to-lease recapture and interior renovation upside.
According to the provided information, the property is currently master-metered for utilities, with a noted opportunity to implement RUBS under future ownership. The stated goal of the RUBS implementation is to support operational gains.
As presented, the asset is a multifamily property offered for sale, with a focus on recapturing value through improvements and utility billing structure changes.
According to the provided information, the property is currently master-metered for utilities, with a noted opportunity to implement RUBS under future ownership. The stated goal of the RUBS implementation is to support operational gains.
As presented, the asset is a multifamily property offered for sale, with a focus on recapturing value through improvements and utility billing structure changes.
Key Highlights
- Multifamily investment property at 640 Jessup Street, Brighton, CO
- Year built: 1974
- Master‑metered utilities with noted RUBS implementation opportunity
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 | $116.4k | $20.40 |
| − Vacancy | −$6.8k | −$1.18 |
| EGI | $109.6k | $19.22 |
| − OpEx | −$49.3k | −$8.65 |
| NOI | $60.3k | $10.57 |
5,705 SF · lease $20.40/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$861.4K
$753.7K – $1.00M
NOI $60,298 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$1.04M
$909.8K – $1.21M
NOI $72,782 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Multifamily investment at 640 Jessup Street with master-metered utilities and noted RUBS implementation opportunity.
Where is this multifamily property located?
The property is located at 640 Jessup Street Brighton, CO.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Multifamily investment property at 640 Jessup Street, Brighton, CO; Year built: 1974; Master‑metered utilities with noted RUBS implementation opportunity
