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    7251 Samuel Dr Denver, CO 80221

    Sponsored
    For Sale
    $15,200,000

    102-unit apartment building, high ROI potential.

    Property size:
    55,638 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional value-add opportunity awaits with this 102-unit apartment building in Denver, Colorado. Located at 7251 Samuel Dr, this property boasts a prime location just 10 minutes north of Downtown Denver, offering easy access to major employment centers like the NW Business Corridor, Broomfield, Interlocken, and Boulder. The three identical, three-story buildings, constructed in 1970, comprise 96 one-bedroom and six two-bedroom units, providing streamlined operational efficiency. The 55,638 square foot complex sits on an 87,100 square foot lot and features off-street parking, well-maintained common areas, a manager's office, and on-site laundry facilities. Recent upgrades include energy-efficient improvements such as vinyl double-pane windows, new LVT flooring, fresh paint, updated electrical systems, new/repaired boilers, and solar panels to help offset utility expenses. Currently, the property generates a NOI of $914,330, with a pro-forma NOI of $1,290,587, representing a 5.90% cap rate and a pro-forma cap rate of 6.87%. The asking price is $15,200,000, or $149,020 per unit. With below-market rents and the potential for cosmetic upgrades to kitchens and bathrooms, this property presents a significant opportunity for investors seeking immediate upside and long-term growth. The property is zoned R-4 and offers ample off-street parking and spacious exterior courtyards. This is a truly compelling investment opportunity in a thriving Denver market.

    Property Features for 7251 Samuel Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    55,638 SF

    Building Details

    Year Built
    1970
    Buildings
    3
    Stories
    3
    Units
    102

    HighLights

    • 102‑unit value‑add multifamily investment opportunity in North Denver.
    • Excellent access to Downtown Denver, LoHi, RiNo, and major employment centers.
    • Efficient operation with three identical three‑story walk‑up buildings.
    • Recent upgrades include double‑pane windows, luxury vinyl tile (LVT) flooring, and energy‑efficient solar panels.
    • Features on‑site laundry, ample off‑street parking, and spacious courtyards.
    • Below‑market rents provide immediate potential for rental income growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Revival on 72nd Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Adams
    State
    Colorado
    Longitude
    -105.00788615877
    Latitude
    39.828420871886

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    FAQs

    What type of property is this?
    Multifamily property - 102-unit apartment building, high ROI potential.
    Where is this multifamily property located?
    The property is located at 7251 Samuel Dr Denver, CO.
    What is the asking price?
    The asking price for this property is $15,200,000.
    What are key features of this property?
    This property features: 102-unit value-add multifamily investment opportunity in North Denver.; Excellent access to Downtown Denver, LoHi, RiNo, and major employment centers.; Efficient operation with three identical three-story walk-up buildings.
    Request Owner's contact information
    7251 Samuel Dr Denver, CO 80221
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7251 Samuel Dr Denver, CO 80221
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