5579 S Windermere Street, Littleton, 80120

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5579 S Windermere Street

Littleton, 80120

FOR

SALE

$12,000,000

For Sale

45,567

Sq.Ft.

1.11

Acres

MLS# 2889381

Listed on site 7 days since November 20th, 2023

Property Details

Please note that the co-op commission is 0.8% of Net Purchase Price. 7.00% Proforma CAP Rate Proforma Rents Already Being Achieved! Easily Bring Existing Leases to Proforma Levels Many Recent Capital Improvements Including New: Roof, Boilers, Windows, Steel and Concrete Stairs / Walkways / Columns / Landings, Exterior Paint, Common Area Upgrades and Landscaping 25 / 57 Units Have Been Recently Renovated with New Kitchens, Bathrooms, Floors, Electric Panels and More For Average Rent Increase of $150 / Unit Diverse Unit Mix Offering Renovated and Unrenovated 1Bd and 2Bd Unit Leasing Options Rare Mid-Rise Building Offering Unobstructed Views of the Rocky Mountains and Great Street Visibility Just Mile to Downtown Littleton, Light Rail Station, Restaurants / Retail, Schools and Parks Less than 1 Mile to Arapahoe Community College and Hwy 85 Excellent Neighborhood Demographics: Average Monthly Rents Accounting for Only 14% of Average Monthly Income

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Property Highlights

Price

$12,000,000

Property Type

Commercial Sale

Property Sub Type

Multi-Family

Architectural Style

Contemporary

Year Built

1972

Acres

1.11

Location

County

Arapahoe

Property Details

Price

$12,000,000

Property Sub Type

Multi-Family

Property Type

Commercial Sale

Building

Structure Type

Mid Rise (4-7)

Total Area

45,567

Interior Features

Area and Spaces

Number of Units

Interior Features

Security Features

Security Entrance, Smoke Detector(s)

Building Details

Construction

Architectural Style

Contemporary

Year Built

1972

Materials

Construction Materials

Brick

Roof

Membrane

Terms

Commercial

Cap Rate

7.00

Terms

Exclusions

Tenant possessions

Special Terms

Cash, Conventional

Taxes

Tax

Tax (Annual)

$65,723

Heating, Cooling & Utilities

Utilities

Sewer

Public Sewer

Utilities

Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Connected

Water Source

Public

Lot

Acres

1.11

Lot Features

Near Public Transit

Lot Size

Lot Size Area Sq Ft

48,352

Exterior Features

Barbecue, Lighting

Parking

Total Parking Spaces

Listed by Pinnacle Real Estate Advisors, [email protected], 303-962-9559.

Listing Data last updated 28th November, 2023 12:00 MST

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Property History

7 days ago

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7 days ago

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Listing Data last updated: 28th November, 2023 12:00 MST

5579 S Windermere Street - MLS#2889381 - $12,000,000

Listed by Pinnacle Real Estate Advisors

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5579 S Windermere Street Littleton, 80120 — MLS# 2889381

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