Start of property details
6499 W 38th Avenue
Wheat Ridge, 80033
FOR
SALE
$3,100,000
Active
14,866
Sq.Ft.
0.51
Acres
1957
Yr. Built
MLS# 5810871
Cumulative Days on Market: 7
(since
February 14th, 2025)
Data provided by the MLS.
Property Details
The Knowlton Lawson Team is pleased to offer the exclusive opportunity to acquire the Marshall Manor Apartments, a 14-unit complex featuring 6 one-bedroom, one-bath units and 8 two-bedroom, one-bath units. Seventy-five percent of the units have been recently updated with new flooring, modernized kitchens, and renovated bathrooms. Additional property upgrades include new windows and electrical panels. Residents benefit from convenient access to nearby grocery stores such as Safeway, King Soopers, Sprouts, andWalmart, all within a mile of the property. With easy access to I-70, tenants enjoy quick commutes to Downtown Denver or can easily head to the mountains for a weekend retreat. These improvements, combined with the propertys prime location, make Marshall Manor Apartments an attractive option for long-term tenants, ensuring strong tenant retention and potential for increased rental rates.
Property Highlights
Price
$3,100,000
Property Type
Commercial Sale
Property Sub Type
Multi-Family
Acres
0.51
Year Built
1957
Location
County
Jefferson
Zoning
R-3
Property Details
Price
$3,100,000
Property Sub Type
Multi-Family
Property Type
Commercial Sale
Building
Structure Type
Low Rise (1-3)
Total Area
14,866
Interior Features
Area and Spaces
Number of Units
14
Building Details
Construction
Year Built
1957
Materials
Construction Materials
Block, Brick
Terms
Commercial
Cap Rate
5.72
Terms
Exclusions
Tenant's possessions
Special Terms
Cash, Conventional, Owner Will Carry
Taxes
Tax
Tax (Annual)
$10,720
Heating, Cooling & Utilities
Utilities
Sewer
Public Sewer
Water Source
Public
Lot
Acres
0.51
Lot Size
22,400
Lot Size Area Sq Ft
22,400
Parking
Total Parking Spaces
14
Listed by Pinnacle Real Estate Advisors, jknowlton@pinnaclerea.com, 303-962-9543.
Listing Data last updated 02/22/2025 02:20 am
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Property History
3 days ago
Property information last updated
7 days ago
Status Active. This is the date the listing was placed on market.
NOTE: Cumulative Days on Market: 7.
Data provided by the MLS.
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Listing Data last updated: 02/22/2025 02:20 am
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Listed by Pinnacle Real Estate Advisors
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