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4653 Otis Street
Wheat Ridge, CO 80033
Asking Price
$2.70M
Cap Rate
5.92%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
SELLER FINANCING AVAILABLE | 13-Unit in Quiet Wheat Ridge Neighborhood <p>HIGHLIGHTS</p><ul><li>Fully turn-key property with upside through under market rents and continued renovations</li><li>Updated mechanicals and all major cap ex throughout the property</li><li>Residential area of Wheat Ridge - Denver’s best submarket</li><li>Masonry construction with modern upgraded exterior accents</li><li>Seller financing available</li></ul><p></p><p>UNIT AMENITIES</p><ul><li>High quality interior renovations</li><li>Luxury vinyl plank flooring and new baseboards</li>
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NOI
$80,000
Cap Rate
2.96%
DSCR
0.50
Underwater
Cash-on-Cash
-9.91%
Monthly Payment
$13,358.127
Annual Cash Flow
$-80,297.522
