66 Garden Ctr Broomfield, CO 80020

This exceptional 38-unit apartment building in Broomfield, Colorado, presents a compelling investment opportunity. Built in 1971, this three-story property boasts 23,871 square feet, with 19,710 square feet of net rentable space. The building features a unique design, with each of the thirty-two one-bedroom and six two-bedroom units offering direct exterior access to a central courtyard, eliminating the need for common hallways. The property includes a fitness center and swimming pool, enhancing its appeal to residents. Meticulously maintained grounds with mature landscaping further contribute to the property's desirability. Located off the Denver Boulder Turnpike, residents enjoy convenient access to both Denver and Boulder. The current NOI is $407,135, with a pro-forma NOI of $489,407, representing a 4.76% cap rate and a pro-forma cap rate of 5.72%, respectively. The asking price is $8,550,000, or $225,000 per unit. The property is zoned B-1. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a prime location.