No. of Units
Year Built
Avg. Square feet
No. of Beds
No. of Units
Year Built
Proximity to Campus
Berkadia Real Estate Advisors is pleased to present the exclusive opportunity to purchase a well maintained, 33-unit garden-style apartment community located in Westminster, Colorado. With easy access to the major arteries of US-36 and I-25, the property is a short 10-minute drive to Downtown Denver. Additionally, the Northwest commuter rail “B-line” station, is less than one mile from the property.
Constructed in 1961, the 7250 Newton Apartment community consists of three, eleven-unit, exterior access apartment buildings in a rural-like, courtyard setting. The unit mix is comprised of eighteen two-bedroom homes, which are approximately 700 SF, and fifteen one-bedroom homes which are approximately 600 SF. The gross square footage of all three buildings is approximately 23,400 SF and the community is situated on a 75,950 SF lot with beautiful views of the Rocky Mountain Front Range.
The solid brick construction of the buildings, newer pitched asphalt shingle roofs and exterior unit access, contribute to its low maintenance characteristics and high investment appeal of the property. Each building is heated via a central, gas-fired hot water boiler, and all units are separately metered with 70Amp electrical service. Additionally, each building features two separate domestic hot water heaters for added utility cost efficiency.
There are 29 off-street parking spaces, and additional parking along the west and north sides of the building. Each building has a separate common laundry area with two washers and two dryers and additional unit storage space. All top floor units feature electric “wall style” air-conditioner units. The park-like grounds are mature, and an automatic sprinkler system is used for irrigation.
Year Built
1961
Total Units
33
Parcel Number(s)
1719-31-4-17-003, 1719-31-4-17-025
Style
Garden
Number of Buildings
3
Number of Stories
2
Density
33.33 Units Per Acre
Acreage
0.99 AC
Rentable SF
21,450 SF
Land SF
43,124 SF
Construction
Masonry
Roof
Pitched Composite Shingles
Foundation
Concrete Slab on Grade
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
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