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403 23rd St
Golden, CO 80401

$3,050,000 USD

Apartments For Sale  •  6,220 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,220 SF
  • Lot Size 0.6 AC
  • Building Class C
  • Year Built 1929
  • Cap Rate 5.21 %
  • Zoning R-1
32 Transit Score
61 Walk Score

Highlights

5 – Plex, 4 – Plex, Duplex for sale
Assumable financing available at 4.2% for another 6 years
New roofs (2018); All units have been updated (6 have been fully renovated)
Located one block from Natural Grocers and a 10 minute walk to the School of Mines campus
Low vacancy and low turnover with many long term tenants
1.5 Miles from the new Coors Redevelopment Project at Clayworks

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $160,373 USD (2024)
Cap Rate: 5.21 %
Total Expenses: $64,777 USD

Amenities

  • Laundry Facilities

Public Transportation

Commuter RailDriveWalkDistance
Wheat Ridge - Ward Station Track 1 (Union Station to Wheat Ridge Ward Station - Regional Transportation District) 14 min - 8.2 mi
Arvada Ridge Station Track 1 (Union Station to Wheat Ridge Ward Station - Regional Transportation District) 15 min - 9.2 mi
AirportDriveWalkDistance
Denver International 48 min - 36.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 24
Type: Surface
Included in Rent: Yes
Jim Knowlton 303-962-9543 Pinnacle Real Estate Advisors
Jim Knowlton 303-962-9543 Pinnacle Real Estate Advisors