7750 W 39th Avenue Bldg , Unit

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Pending Wheat Ridge, CO 80033 MLS# 9314320 Listed by Ralph Beatty - Pending as of 05/30/2023
$1,875,000
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Commercial Property Type
0.34 Acres
6160.00 Sq Ft
1958 Year Built
Zoning

Overview

7750 39th Ave, an 9-unit apartment community in Wheat Ridge, Colorado. The community contains nine units, all of which are two-bedroom one-bathroom units. The property is single story brick construction and is individually metered for gas/electric, has front and back entrances, and newer windows and roof. In addition there is a shared courtyard and backyard area for residents to enjoy. The interior of the units currently have new carpet, a fresh coat of paint, open floorplans, and lots of closet space. Lastly, there is a old laundry room that can either be converted in to a laundry/storage room or potentially turned into a fully permitted 10th unit. The subject property provides a new investor with two potenital opportunities, either they can lease up the units in the current condition or they can bring the units to a more modern level and push rents. Note: This is a high vacancy property, 6 out of 9 units are currently vacant. Please contact Boomer for the full marketing package.

New Home Sales Hours

Courtesy Of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
Source: REcolorado

View On REcolorado

Upcoming Open Houses

    Features

    Leasing Information

    Leasing Details
    • Application Fee $
    • Availability Date
    • Corporate Rental?
    • Deposits Potentially Refundable
    • Existing Lease Type
    • Lease Amount $
    • Lease Description
    • Lease Duration
    • Liability Insurance Required
    • Owner Pays Electricity,Taxes,Trash Collection,Water
    • Rent Deposit
    • Rental Application
    • Security Deposit $
    Pet Details
    • Pet Deposit
    • Pet Rent
    • Pets Allowed

    Interior Features

    Summary

    • Year Built Effective 2022
    Basement Details
    • Basement? No
    • Basement
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces
    Square Foot Details
    • SqFt 6,160
    • Living Area, Finished
    • Above grade, Finished
    • Basement, Finished
    • Basement, Unfinished
    • PSF Total $304.38
    • PSF Finished $
    • PSF Above Grade $
    Use details
    • Leaseable Area 6160.00
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances
    • Building Class Class C
    • Building Features
    • Ceiling Height
    • Common Walls
    • Exclusions
    • Flooring
    • Furnished
    • Interior Features
    • Laundry Availability
    • Security Features
    • Spa Features
    • Window Features

    Room Details

    Bathroom Details Total Bathrooms:
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms:
    More Room Details

    Unit Information

    Summary

    • Number of Units 9
    • Number of Units Furnished 0
    • Number of Units Vacant 7
    • Unit Features
    Single Unit Details
    • Unit Type 2 Bedroom
    • Total Units 9
    • Average Rent
    • Average SqFt 700.00
    • Dishwashers
    • Washers
    • Dryers
    • Hookups
    • Refrigerators
    • Stoves
    • Air Conditions
    • Fireplaces
    • Storage Units
    • Description
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit
    • Bathrooms per Unit
    • Parking Per Unit 1

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location
    • Faces
    • Horse Amenities
    • Horse Property
    • Levels One
    • Stories 1
    • Structure Type Low Rise (1-3)
    • Unit Floor #
    • View
    Builder Details
    • Builder
    •  
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture
    • Construction Materials Brick
    • Foundation Details
    • Roof Architectural Shingles
    Exterior Details
    • Dock Features
    • Door Features
    • Exterior Features
    • Fencing
    • Number of Docks
    • Number of Doors
    • Number of Storage Units
    • Other Equipment
    • Other Structures
    • Patio And Porch Features
    • Pool Features
    • Ski Features
    Livable Structure Details
    Lot Details​​​​​​​
    • Acres Leased
    • Crop Acres
    • Cultivated Acres
    • Features
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 0.34
    • Lot Size Dimensions
    • Lot Size SqFt 14,810.40
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $5,514,705.88
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    Road details
    • Access Public Road
    • Road Responsibility Public Maintained Road
    • Road Surface None

    Parking/Garage

    Parking Space Summary

    • Parking Features Asphalt
    • Total Parking Spaces 9
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces 9
    • Total Reserved Spaces 0
    • Total RV Spaces 0
    Parking Space Details

    Utilities & Green Home Features

    Summary

    • Cooling
    • Green Energy Efficient
    • Heating
    • HVAC Description
    Green Ratings
    Power Production Details
    Sewer
    • Sewer Public Sewer
    • Sewer Fee
    • Sewer Tap Paid YN
    Utilities details
    • Electric Service
    • Gas Tap Fee
    • Gas Tap Paid YN
    • Utilities
    Water / Well
    • Irrigation Source
    • Issued Well Permit Numbers
    • Water Available 1
    • Water Source Public
    • Well Type
    • Well Usage
    • Water Fees
    • Water Tap Paid?
    • Water/Mineral Rights

    Association Information

    HOA Summary

    • Amenities Completed
    • Amenities Opening
    • Association Amenities
    • Association(s) No
    • HOA Fee Includes
    • Total Annual HOA Fees $0
    1st HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    2nd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    3rd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    Restrictions & Covenants
    • Pets Allowed
    • Rentals Allowed
    • Restrictions
    • Restrictions Other
    • Restrictions/Covenants? No

    Financial Considerations

    Summary

    • Cap Rate 6.10
    • Cap Rate Calculation See marketing material.
    Actual expense details
    • Operating Expense $34697.00
    Commission Information
    • Buyer Agency Compensation 2.80%
    • Compensation Offered
    • Dual Variable Compensation No
    • Commission Modified
    • Closing Comments
    Income details
    • Actual Annual Net Income $114,367
    • Gross Income $151,200
    • Income Includes
    • Income Includes Description
    Landleasing details
    • Land Lease Amount
    • Land Lease Amount Frequency
    • Land Lease?
    Projected
    • Other Annual Income $
    • Potential Rental Income Annual $
    • Projected Annual Expense $37,834
    • Projected Annual Net Income $138,678
    • Projected Gross Income $175,500
    • Projected Gross Operating Income $
    • Projected Gross Scheduled Income $
    • Vacancy Credit Losses
    Tax details
    • Annual Tax $7,453
    • Legal Description SECTION 23 TOWNSHIP 03 RANGE 69 QTR SW SIZE: 15021 VALUE: .345 KEY=241
    • Tax Exemptions
    • Tax ID 192900
    • Tax Year 2021
    Other
    • Tenant Pays Electricity,Gas
    • Utilities Metering
    • Utilities Paid By Tenant

    Neighborhood

    Summary

    • Building Name
    • Development Name
    • Park Name
    • Senior Community No
    • Subdivision
    New Home Community
    • Community Description
    • Community MLS #
    • Community Name
    • Community Opening
    • Community Website
    • Current Promotions
    • Development Status
    • Directions from Agent
    • Move In Date
    • New Home Available Options
    • New Home Land MLS #
    • New Home Plan MLS #
    Zoning Details
    • Current Use Multi-Family
    • Incorporated? No
    • Zoning
    • Zoning Jurisdiction

    Other

    Business Details
    • Business Amenities
    • BusinessDescription
    • BusinessType
    • Year Established
    History
    • Original List Price $2,000,000
    Partial Ownership Details
    • Partial Ownership Amount
    • Week Remarks
    • Weeks Available
    Other
    • Home Warranty
    • Ownership
    • Possession Closing/DOD
    • Special Listing Conditions None Known
    • Year Built 1958

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    School Zone

    District:
    Schools: Elementary School, High School, Middle School

    Area Map

    Walk Score

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    0 description summary
    Walk Score

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