7250 Newton

7250 - 7290 Newton Street | Westminster, CO 80030

33

No. of Units

1961

Year Built

655

Avg. Square feet

XXXX

No. of Beds

XXXX

No. of Units

XXXX

Year Built

XXXX

Proximity to Campus

The Opportunity

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.

 

Highlights and Summary

Investment Highlights

  • Unparalleled Location
  • Immediate Growth Potential
  • Sole Opportunity Zone in Westminster

Property Summary

7250-7290 Newton Street Westminster, CO 80030

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

Amenities

Property Amenities
  • Kitchen and Bath updates
  • Many newer appliances
  • Eating Space in Kitchen
  • Newer carpeting, vinyl
  • Blinds
  • Air-conditioning 2nd floor units
  • Amply closets, additional storage
  • Exterior walkup construction
  • Mountain Views
  • Ample Parking, 29 off-street spaces
  • Owned onsite laundry facility
  • Individual storage closets

Neighborhood Description

Contact ​ Us

DENVER OFFICE

1331 17th Street, 10th Floor
Denver, CO 80202
Phone: 303.689.8312

BERKADIA TEAM

Investment Advisors
Mortgage Bankers

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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