For Sale | Generational Multi-Family Asset

5907 S Gallup St, Littleton, CO

$7,200,000

Price

4.8%

Cap Rate

$335,929

NOI

Overview
Cap Rate
4.8%
NOI
$335,929
Building Size
25,560 sqft
Lot Area
0.828 acres
Units
30
Year Built
1996
Zoning
R-5, City of Littleton
Parking Spots
42
Description

Ketring Park Apartments represents the opportunity to acquire a truly exceptional asset that is atypical from the majority of metro Denver’s multi-family properties. The Ketring Park Apartments are above average rental units nestled in a quiet residential neighborhood.

This asset provides the comforts most typically found in the larger institutional grade assets that are commonly missing at the smaller apartment properties throughout the metro area, such as gas forced air heating and central air conditioning, gas fireplaces, dishwashers, microwaves, full size laundry equipment, nicely sized closet space, private balconies/patios and secure storage directly outside each unit. Still owned by the original developer/builder since construction in 1996, the property stands out in the Littleton and South Denver metro market area. The property is situated about 4 blocks South of Littleton Boulevard and across the street, West, of Ketring Park and the Littleton Museum. The immediate neighborhood consists of a number of other apartment rental communities as well as being surrounded by single family residential homes to the South and East.

Retail and convenience services and access to public transportation are located along Littleton Boulevard to the North and the charms of downtown Littleton are just 1 mile to the West.

This asset represents a great opportunity for a discerning Buyer that values both quality of construction and location and understands the continued strength of the Littleton rental market for the coming years. These are above average units that will command above average rents for a new owner.

Highlights
  • Excellent Suburban Infill location
  • Multiple desirable property characteristics and unit amenities
  • Great Neighborhood Amenities
  • Excellent construction and floor plans
  • Short walk to Bus stops convenience retail
  • Below market rents
Documents
Title
Ketring_Park_Apartments-OM_-November.pdf
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Location
Gallery