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

$1,350,000

• 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: $1,350,000 # Units Unit Type Avg SqFt Avg Current Rent Avg Proforma RentPrice/Unit: $168,750 8 1Br/1Ba 730 $1,036 $1,100Price/SqFt: $230.93

INCOME Current ProformaLoan Amount: $877,500 Gross Annual Rent: $99,429 $105,600Down Payment: $472,500 Vacancy Allowance: ($5,061) ($5,380)Interest Rate: 4.00% Net Rental Income: $94,367 $100,220Amortization (yrs): 30 Other Income: $1,800 $2,000Monthly Payment: $4,189 Effective Gross Income: $96,167 $102,220

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

Utilities $6,493 $6,493Admin/Misc.: $450 $450Total Expenses: $32,168 $32,168Expense/Unit: $4,021 $4,021

Net Operating Income (NOI) $63,999 $70,052

Current ProformaNOI: $63,999 $70,052Projected Debt Service: ($50,272) ($50,272)Before Tax Cash Flow: $13,727 $19,780CAP Rate: 4.74% 5.19%Cash-on-Cash Return: 2.91% 4.19%Principal Reduction (yr. 1): $15,453 $15,453Total Return: 6.18% 7.46%

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

Calibrate Real Estate10555 W. 8th Avenue

Kipling Street10555 W. 8th Ave.

6th Avenue

Calibrate Real Estate

Property Photos

10555 W. 8th Avenue

Calibrate Real Estate

Property Photos

10555 W. 8th Avenue

Calibrate Real Estate

Property Photos

10555 W. 8th Avenue