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5324 S. HURON STREETLITTLETON, CO 80120
OFFER
ING
MEM
OR
AN
DU
M
This information has been provided to you at your request based upon your assurances that you are a knowledgeable and
sophisticated investor in commercial & residential real estate projects, developments and investments.
Keller Williams Realty Downtown, LLC recommends you, as a potential buyer/investor, should perform your own
independent examination and inspection of the property and perform due diligence. All of the information provided
herein related to the property is deem reliable but not guaranteed.
By accepting this Offering Memorandum, you acknowledge and agree that you shall rely solely upon your own examination
and investigation of the Property and you shall not rely on any statements made in this Offering Memorandum or upon
any other materials, statements or information provided by Michelle Thomas, Keller Williams Realty Downtown, LLC, or
its brokers. This Offering Memorandum and the contents are intended to remain confidential except for such information
which is in the public domain or is otherwise available to the public.
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and
make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change
of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections,
opinions, assumptions or estimates for example only, and they may not represent current or future performance of the
property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. Each
KW Commercial Brokerage Business is Independently Owned and Operated
CONFIDENTIALITY DISCLAIMER
PHONE: 720-515-6464 | EMAIL: [email protected] | ADDRESS: 917 ARARIA PARKWAY DENVER CO 80204
PROPERTY OVERVIEW
PROPERTY OVERVIEW INVESTMENT HIGHLIGHTS
Total Units: 7
Year Built: 1933/1962
Building GSF: 6,223 Sq Ft
Land SF: 25,700 SF
Site Zoning: R-4
Construction:: BrickHVAC: Boiler/Forced AirParking: Detached GarageRoof: Pitched/Flat
• 8% Cap Rate! • This 7 unit apartment complex consists of three structures
1. 2-story brick 6 unit building2. Detached Single Family House 3. Large Detached Garage/Workshop which also leased.
• 7 Units but 8 total leases. • This large 25,700 square foot lot • Located just 15 minutes from the business district of the Denver
Tech Center Easy (DTC) and easy access to I-25• All units are updated
PHONE: 720-515-6464 | EMAIL: [email protected] | ADDRESS: 917 ARARIA PARKWAY DENVER CO 80204
PROPERTY PHOTOS
ACTUAL
List Price $1,450,000
INCOME
Average Rent Units Annual Total
$1,810 3 $65,160
$1,328 3 $47,808
$2,200 1 $26,400
Gross Rental Income $139,368
General Vacancy 5% $ (6,968)
Effective Rental Income $132,400
Misc. Income - Laundry $320
Misc. Income Garage Lease $11,880
Gross Operating Income $144,600
EXPENSES
Property Insurance $(5,985)
Repairs & Maintenance $(8,400)
Electricity $(2,800)
Water/Sewer $(3,040)
Property Taxes $(3,803)
Management -
Trash $(791)
Total Operation Expense $24,819
Net Operating Income $119,781
Cap Rate 8.3%
INCOME STATEMENT
PHONE: 720-515-6464 | EMAIL: [email protected] | ADDRESS: 917 ARARIA PARKWAY DENVER CO 80204
PROFORMA
List Price $1,450,000
INCOME
Average Rent Units Annual Total
$1,840 3 $66,240
$1,350 3 $48,600
$2,400 1 $28,800
Gross Rental Income $143,640
General Vacancy 5% $ (7,182)
Effective Rental Income $136,458
Misc. Income - Laundry $320
Misc. Income Garage Lease $11,880
Gross Operating Income $148,658
EXPENSES
Property Insurance $(4,500)
Repairs & Maintenance $(8,400)
Electricity $(2,800)
Water/Sewer $(3,040)
Property Taxes $(3,803)
Management $(9,552.06)
Trash $(791)
Total Operation Expense $32,886
Net Operating Income $115,782
Cap Rate 8.0%
RENT ROLL ANALYSIS
UNIT SUMMARY:Unit Count Bed Bath Square Footage Rent
1 3 1 750 sf $1,840
2 3 1 750 sf $1,840
3 3 1 750 sf $1,750
4 2 1 700 sf $1,350
5 2 1 700 sf $1,350
6 2 1 700 sf $1,286
House 5 2 1670 sf $2,200
Garage 900 sf $990
Totals: $12,606
PHONE: 720-515-6464 | EMAIL: [email protected] | ADDRESS: 917 ARARIA PARKWAY DENVER CO 80204
PHONE: 720-515-6464 | EMAIL: [email protected] | ADDRESS: 917 ARARIA PARKWAY DENVER CO 80204
Sales Price $900,000
Sales Date May 15, 2017
Price Per Unit $150,000
# of Units 6
Days on the Market
89
SALES COMPARABLES - APARTMENT
5787 S. Bannock Street, Littleton, CO 5765 S. Bannock Street, Littleton, COSales Price $800,000
Sales Date December 14, 2017
Price Per Unit $133,333
# of Units 6
Days on the Market
Unknown
Sales Price $672,500
Sales Date September 5, 2017
Price Per Unit $168,125
# of Units 4
Days on the Market
Unknown
5347 S. Fox Street, Littleton, CO 92 W. Ida Avenue, Littleton, CO
Sales Price $900,000
Sales Date March 1, 2018
Price Per Unit $150,000
# of Units 6
Days on the Market
Unknown
PHONE: 720-515-6464 | EMAIL: [email protected] | ADDRESS: 917 ARARIA PARKWAY DENVER CO 80204
Sales Price $375,000
Sales Date Jan 2, 2018
Price Per Sq Ft. $302
Sq Ft. 1,241
Days on the Market
Unknown
SALES COMPARABLES - SINGLE FAMILY HOME
799 W. Littleton Blvd, Littleton, CO 5835 S. Cherokee Street, Littleton, COSales Price $390,000
Sales Date June 9, 2017
Price Per Sq. Ft. $231
Sq. Ft. 1,687
Days on the Market
47
Sales Price $444,000
Sales Date July 53 2017
Price Per Unit $223
Sq. Ft. 1,989
Days on the Market
91
900 S. Elati Street, Littleton, CO
LOCATION OVERVIEW
About LittletonLittleton is ranked as the 20th most populous municipality in Colorado. The city’s history dates back to the 1859 Pike’s Peak Gold Rush. Residents of Littleton embrace its history and strive to maintain their vibrant neighborhoods. It’s just 20 minutes outside of Downtown Denver.
ActivitiesLittleton is all about community. Littleton holds annual events like Littleton Rocks, a series of concerts outdoors. Western Welcome Week and Candlelight Walk bring the community together and attract visitors from across the region. Coined as one of the five best cities for families to live in Colorado, Littleton is just a short drive from Denver, but it feels like a different world entirely. From the historic downtown and tree-lined streets to impressive arts and culture options, great weather and plenty of outdoor experiences.
DemographicsThe median income for a household in the city was $54,512, and the median income for a family was $74,744. Males had a median income of $52,674 versus $40,297 for females. The city’s per capita income was $33,889. About 7.4% of families and 11.0% of the population were below the poverty line, including 13.8% of those under age 18 and 9.0% of those age 65 or over. In the identified market area, the current year population is 205,557. In 2000, the Census count in the market area was 156,958. The rate of change since 2000 was 3.32 percent annually. The five-year projection for the population in the market area is 229,157, representing a change of 2.2 percent annually from 2008 to 2013. Currently, the population is 49.4 percent male and 50.6 percent female.
PHONE: 720-515-6464 | EMAIL: [email protected] | ADDRESS: 917 ARARIA PARKWAY DENVER CO 80204
2454 N. Washington Street Denver, CO 80205
For More Information Contact
MICHELLE THOMAS COMMERICAL & RESIDENTIAL REAL ESTATE BROKER
DIRECT: 720.515.6464 [email protected]
NXT LEVEL PROPERTIES | INVESTMENT REAL ESTATERESIDENTIAL | COMMERCIAL | LAND | DEVELOPMENT
BUY | SELL | INVEST
“WE HELP OUR CLIENTS BUILD WEALTH THROUGH REAL ESTATE”
PHONE: 720-515-6464 | EMAIL: [email protected] | ADDRESS: 917 ARARIA PARKWAY DENVER CO 80204