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Brighton, CO 80601 63 S 22nd Ave # A1-B8

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  • MLS# 1030190
  • 04/03/2025
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    Home Details

    Located just off Highway 7, 63 South 22nd Avenue, Buildings A & B offers a prime 16-unit multifamily investment with easy access to Denver, the metro suburbs, and Denver International Airport. This 14,608-square-foot garden-style complex consists of two 8-unit buildings with fourteen 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, totaling 30 bedrooms and 16 bathrooms. Dedicated off-street parking ensures convenience for tenants. Each unit has independent gas and electric meters, forced-air furnaces, and gas water heaters. The owner currently pays water, sewer, and trash, while tenants cover gas and electricity. The property generates $300,180 in gross rental income and a net operating income (NOI) of $213,615, with additional upside through utility reimbursements and further operational efficiencies. A comprehensive capital improvement plan has been completed, with 14 of 16 units fully renovated in the last two years. Recent upgrades include new roofs, fresh exterior paint, newer furnaces, hot water heaters, and rooftop A/C units for second-floor units. Newer (less than two years old) coin-operated laundry machines in each building help offset expenses. Further value-add opportunities remain, including resurfacing the parking lot, modernizing common areas, completing the final two unit renovations, and implementing a RUBS program to recapture owner-paid utilities. Located in a high-growth submarket, the property is within three miles of major retail, recreation, and employment hubs, including Barr Lake State Park, Prairie Center Shopping Center, Platte Valley Medical Center, and multiple schools. With turnkey operational stability, strong tenant demand, and additional value-add potential, this is a rare investment opportunity in Brighton's expanding multifamily market. Contact us today for the full Offering Memorandum (OM) and financial details.
    Presented By: ;

    Interior Features for 63 S 22nd Ave # A1-B8

    Bedrooms

    Total Bedrooms30

    Bathrooms

    Total Baths16

    Other Interior Features

    LivingAreaSourceAssessor
    BasementNone, Partially Finished
    Fireplace FeaturesNone
    Interior AmenitiesEat-in Kitchen, Open Floorplan, Walk-In Closet(s)
    Window FeaturesWindow Coverings

    General for 63 S 22nd Ave # A1-B8

    AccessibilityLevel Lot, Level Drive
    AppliancesElectric Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal, Fire Alarm
    Architectural StyleLegal Conforming
    AttributionContact9702197096
    Cap Rate7.19
    CityBrighton
    Construction MaterialsFrame, Brick, Wood Siding
    CoolingCentral Air, Ceiling Fan(s)
    CountyAdams
    DisclosuresSeller's Property Disclosure
    ElectricXcel
    Elementary SchoolSoutheast
    ExclusionsTenant's personal property.
    Expected Active Date 2025-04-03
    Gross Income303738
    HOANo
    HeatingForced Air
    High SchoolBrighton
    High School DistrictBrighton Dist 27J
    Lease Amount FrequencyYear Lease
    LevelsOne and One Half, Raised Ranch
    MLS AreaMetro Denver
    MLS Area MinorMetro3/BFL
    Middle/Junior High SchoolVikan, Walter L.
    Net Operating Income213615
    New ConstructionNo
    Number Of Units Total16
    Operating Expense90123
    Parcel NumberR0005329
    Patio/Porch FeaturesPatio
    Possible UseMulti-Family
    Property SubtypeMulti Family
    Property TypeResidential Income
    RoofComposition
    SewerPublic Sewer
    Standard StatusActive
    StatusActive
    Subdivision NameFulton Village South
    Tax Annual Amount18415
    Tax Year2024
    Tenant PaysDeposit, Gas, Electricity
    Unit NumberA1-B8
    UtilitiesNatural Gas Available, Electricity Available, Cable Available, Separate Meter Electricity, Separate Meter Gas
    ViewCity
    Year Built1980
    ZoningMulti Unit

    Exterior for 63 S 22nd Ave # A1-B8

    FencingPartial, Wood
    Irrigation Water Rights Y/NNo
    Lot FeaturesDeciduous Trees, Level, House Faces East, Paved, Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet
    Lot Size Acres0.89
    Lot Size Area38681
    Other Parking1 Space/Unit
    Road Frontage TypeCity Street
    Road Surface TypeAsphalt
    Total Parking36
    Water SourceCity
    Waterfront Y/NNo

    Additional Details

    Price History

    Schools

    High School Brighton High School
    Middle School Walter L. Middle School
    Elementary School Southeast Elementary School

    Nathan Washam

    Broker/Owner
    Price $2,970,000
    MLS#1030190
    List Date 04/03/2025
    Property Type Income
    Phone 970.988.8295
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    Request Info
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