Lakewood 8-Unit 10555 W. 8th AvenueLakewood, CO 80215

$1,265,000

• Owners’ Pride Obvious in Upkeep of Property

• On-Site Coin Operated Laundry for Tenants

• Spacious 1 Bedroom Apartments (730 SQFT)

• Updated Kitchens and Bathrooms

• New Boiler • Plenty of Off Street

Parking

Investment Highlights:

Jim CaseyJim@CalibrateRE.com

720.432.4671

Calibrate Real Estate

Financial Overview:

10555 W. 8th Avenue

Price: $1,265,000 # Units Unit Type Avg SqFt Avg Current RentAvg Proforma RentPrice/Unit: $158,125 8 1Br/1Ba 730 $994 $1,075Price/SqFt: $216.39

INCOME Current ProformaLoan Amount: $822,250 Gross Annual Rent: $95,400 $103,200Down Payment: $442,750 Vacancy Allowance: ($4,860) ($5,260)Interest Rate: 4.25% Net Rental Income: $90,540 $97,940Amortization (yrs): 30 Other Income: $1,800 $2,000Monthly Payment: $4,045 Effective Gross Income: $92,340 $99,940

ESTIMATED EXPENSES Current ProformaUnits: 8 Property Taxes: $4,695 $4,695Year Built: 1961 Insurance: $3,906 $3,906Building Size (SqFt): 5,846 Property Management: $0 $0Lot Size (SqFt): 18,000 Repairs & Maintenance: $8,624 $8,624

Utilities $6,493 $6,493Admin/Misc.: $450 $450Total Expenses: $24,168 $24,168Expense/Unit: $3,021 $3,021

Net Operating Income (NOI) $68,172 $75,772

Current ProformaNOI: $68,172 $75,772Projected Debt Service: ($48,540) ($48,540)Before Tax Cash Flow: $19,632 $27,232CAP Rate: 5.4% 6.0%Cash-on-Cash Return: 4.43% 6.15%Principal Reduction (yr. 1): $13,862 $13,862Total Return: 7.57% 9.28%

FINANCIAL ANALYSIS

INVESTMENT SUMMARY UNIT MIX AND AVERAGE RENT SCHEDULE

FINANCINGOPERATING DATA

PROPERTY DESCRIPTION

Property Highlights

1137 Columbine Street

1137 Columbine St. • Less Than a Mile to Oak Street Station Light Rail

• Adjacent to Sunset Park• Easy Access to 6th

Avenue, Colfax, and I-70

• Shared On-Site Laundry

• Well Maintained Landscaping and Storage Shed

• 9 Off Street Parking Spaces for Tenants

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Kipling Street10555 W. 8th Ave.

6th Avenue

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Property Photos

10555 W. 8th Avenue

Calibrate Real Estate

Property Photos

10555 W. 8th Avenue

Calibrate Real Estate

Property Photos

10555 W. 8th Avenue