Kyle [email protected]
303.594.3252
17 One Bedroom Units in Central Denver’s Charming Hale/Mayfair
Neighborhood
Lot Size: 6,350 SF Building Area: 8,949 SF
Near Trader Joe’s, Safeway, King Soopers and Sprouts
Abundant Off-Street Parking
Outdoor Space Features Beautiful Gardens with a
Community Patio.
$3,025,000
Denver, CO 80220840 N. Cherry St.
840 N. Cherry St. Calibrate Real Estate
Financial Analysis
1363 Clayton St.Sold: $3,141,000$184,764/Unit
2441 S. York St.Sold: $3,125,000$183,824/Unit
1338 FranklinSold: $3,140,000
$184,705/Unit
Kyle [email protected]
303.358.4250
Price: $3,025,000 # of Units Unit Type Avg SqFt Avg Current Rent Avg Proforma Rent
Price/Unit: $177,941 17 1Br/1Ba 525 $1,013 $1,100
Price/SqFt: $338.03
INCOME Current Proforma
Gross Annual Rent: $206,640 $224,400
Loan Amount: $2,117,500 Vacancy Allowance: ($6,199) ($6,732)
Down Payment: $907,500 Net Rental Income: $200,441 $217,668
Interest Rate: 3.62% RUBS Income: $10,172 $10,172
Amortization (yrs): 30 Parking Income: $5,747 $5,747
Monthly Payment: $9,651 Wifi Income: $4,052 $4,052
Laundry Income: $3,532 $3,532
Pet Rent: $3,172 $3,172
Units: 17 Other/Misc. Income: $2,995 $2,995
Year Built: 1967 Effective Gross Income: $230,110 $247,337
Building Size (SF): 8,949
Lot Size (SF): 6,350
ESTIMATED EXPENSES Current Proforma
Property Taxes: $15,102 $15,102
Proforma Insurance: $7,759 $7,759
NOI: $179,978 Management: $12,383 $12,383
Projected Debt Service: ($115,811) Repairs/Maintenance: $16,000 $16,000
Before Tax Cash Flow: $64,167 Utilities: $11,101 $11,101
CAP Rate: 5.95% Administrative: $9,775 $5,015
Cash-on-Cash Return: 7.07% Total Expenses: $72,119 $67,359
Principle Reduction: $39,814 Expense/Unit: $4,242 $3,962
Total Return: 11.46% Net Operating Income (NOI) $157,990 $179,978
FINANCING
PROPERTY DESCRIPTION
FINANCIAL ANALYSIS
INVESTMENT SUMMARY UNIT MIX AND AVERAGE RENT SCHEDULE
OPERATING DATA - INCOME
OPERATING DATA - EXPENSES
COMPARABLE SALES
Interior Photos Sam [email protected]
Interior Photos Kyle [email protected]
Popular Nearby Restaurants: Chook, Postino, College Inn,
Snooze, Kochi Cafe, and Frank & Roze Coffee
On-Site, Owner-Owned, Luxury Laundry Equipment
New Windows on Building Front
Non-Smoking Building
Prime Central Denver Location
Building is Equipped with Community WiFi and Sprinkler/
Drip System
Close Proximity to New AMC Multiplex to Open Soon
Location Highlights
840 N. Cherry St.
11 Private Parking Spaces
