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2861 Eliot Circle - Availability Details

2861 Eliot Circle , Westminster, CO 80030

  • For Sale $1,250,000
  • Property Type Multi-Family
  • Property Size 4,650 Sqft
  • Date Updated Aug 30, 2021
The Newberry Apartments is a renovated six-unit apartment community located in the city of Westminster, CO in Adams County – part of the Midtown Denver submarket. Built in 1962 and situated on 0.17 acres, the property was remodeled in 2007 which included a new building boiler and hot water heater. The well-maintained property is comprised of a single, two-story building of wood-frame construction with a combination of brick and wood panel siding. The Newberry offers spacious one- and two-bedroom units featuring hardwood-style flooring in the main living areas, and fully equipped kitchens with upgraded cabinetry and tile flooring. Laundry facilities and ample off-street parking are provided.
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Location

  • City Westminster, CO
  • Zip Code 80030
  • Market Denver

Contacts

broker

Marc S. Lippitt

Unique Properties

(303) 321-5888

Highlights

  • Debt Service: $(52,101)
  • Net Cash Flow After Debt Service: $-12,955 / 13,856 / -4.15% / 4.43%
  • Principal Reduction: $17,239
  • Total Return: $4,283 / 31,094 / 1.37% / 9.95%
  • Cap Rate: 3.13% / 5.28%
  • GRM: 15.52 / 12.55
  • Price / Unit: $208,333
  • Price / SF: $260.42

Contact Listing Broker

broker

Marc S. Lippitt

Unique Properties

(303) 321-5888

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