Marcus & Millichap is pleased to present 7115-7121 Stuart Street, a well-maintained four-unit multifamily investment opportunity located in Westminster, Colorado. Offered at approximately $750,000, the Property represents a rare opportunity to acquire a renovated, cash-flowing apartment asset at an attractive basis within one of Denver’s most desirable suburban rental markets. The Property offers investors a compelling combination of in-place income, projected yield growth from a 5.94% cap rate to a 6.83% Year 1 cap rate, limited deferred maintenance, and long-term rental demand driven by its desirable Westminster location.
Property details
Property
Type
Quadruplex
MLS type
Residential Income
Status
Active
Year built
1962
Stories
1
Living area
3,000 sqft
Price / sqft
$250
MLS #
4215110
Interior
Heating
Baseboard
Exterior & lot
Garage spaces
4
Schools
District
Westminster Public Schools
Elementary
Westminster
Middle
Tennyson Knolls
High
Westminster
Utilities
Sewer
Public Sewer
Financial
Annual tax
$4,388
Parcel
R0100844
Special conditions
None Known
Location
County
Adams
Neighborhood
n/a
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Listed by Charles Burkhart, Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.