• Ideal Mix of 3 Commercial Spaces and 6 Attractive Vintage Apartments
• Property is Perfect For an Investor Or Investor/User
• Zoned: G-RO-5• Lot size: 3,300 SF• Current CAP Rate: 5.6%• Vintage Feel with Updates
Throughout• New Roof, Vinyl Windows,
New Tankless Water Heaters, Updated Plumbing
Investment Highlights:
Conner PirettiGreg Johnson &
Uptown Lofts740 E. 18th Ave.
Denver, CO 80206
$1,590,000
303-482-2878 303-818-1805
Units: 9 # Units Unit Type Avg SqFt Avg Current Rent Avg Proforma RentYear Built: 1913 5 Studio 355 $1,187 $1,200Building Size (SqFt): 5,066 1 1Br/1Ba 600 $1,230 $1,250Lot Size (SqFt): 3,300 3 Commercial 467 $1,060 $1,187Roof: Flat
Heat: Steam Radiators
Parking Spaces: None INCOME Current Proforma
Gross Annual Rent: $124,140 $129,720
Vacancy Allowance: ($3,724) ($3,892)
Net Rental Income: $120,416 $125,828
Price: $1,590,000 Other Income: $0 $0
Price/Unit: $176,667 Effective Gross Income: $120,416 $125,828Price/SqFt: $313.86
ESTIMATED EXPENSES Current Proforma
Taxes $9,319 $9,319
Insurance $2,602 $2,602
Loan Amount: $1,033,500 Utilities $6,612 $6,612
Down Payment: $556,500 Repairs & Maintenance (est) $5,000 $5,000
Interest Rate: 4.65% Management $7,225 $7,550
Monthly Payment: $5,329 Administrative & Leasing $365 $365
Total Expenses: $31,123 $31,448Expense/Unit: $3,458 $3,494
Net Operating Income (NOI) $89,293 $94,381
Current Proforma
NOI: $89,293 $94,381
Projected Debt Service: ($63,949) ($63,949)
Before Tax Cash Flow: $25,344 $30,431
CAP Rate: 5.6% 5.9%
Cash-on-Cash Return: 4.6% 5.5%
Principle Reduction (yr. 1): $16,235 $16,235
Total Return: 7.5% 8.4%
FINANCIAL ANALYSIS
UNIT MIX AND AVERAGE RENT SCHEDULE
OPERATING DATA
PROPOSED FINANCING
INVESTMENT SUMMARY
PROPERTY DESCRIPTION
Calibrate Real Estate740 E. 18th Ave.
Financial Overview:
Calibrate Real Estate740 E. 18th Ave.
Office suites
Calibrate Real Estate740 E. 18th Ave.
Apartments
Aerial view
Calibrate Real Estate740 E. 18th Ave.
Calibrate Real Estate740 E. 18th Ave.
• High Visibility Location in Denver’s Uptown Neighborhood
• Blocks from Downtown• Ideal Setting Near 17th Street
Restaurant Row• Vibrant Neighborhood with
New Development• Popular Dining,
Entertainment, and Nightlife Just Minutes Away
• Perfect Location for Small Businesses
PARK AVE.
18th ave.
17th ave.
Location Highlights
