17 Unit Apartment Building Conveniently Located in Central Denver with Versatile Unit Mix

Featuring: Studio, 1 & 2 Bedrooms

Tenant Amenities Include: Private Parking Lot and Shared Coin-

Operated Laundry for Extra Income

Building Features: Newer Roof (2017), Newer Seller-Owned

Laundry (2016), Security Monitoring System, Internal Hallway

$3,600,000

Denver, CO 80218

Stardust Apartments

1121 N. Ogden St.

Kyle MalnatiKyle@CalibrateRE.com

303.358.4250

1121 N. Ogden St. Calibrate Real Estate

Kyle MalnatiKyle@CalibrateRE.com

303.358.4250

Price: $3,600,000 # of Units Unit Type Avg SqFt Avg Current Rent Avg Proforma RentPrice/Unit: $211,765 5 Studio 344 $904 $930Price/SqFt: $291.26 6 1Br/1Ba 579 $1,023 $1,125

6 2Br/1Ba 790 $1,375 $1,425

Loan Amount: $2,520,000Down Payment: $1,080,000 INCOME Current ProformaInterest Rate: 3.53% Gross Annual Rent: $226,920 $239,400Amortization (yrs): 30 Vacancy Allowance: ($6,808) ($7,182)Monthly Payment: $11,358 Net Rental Income: $220,112 $232,218

Utility Fees: $12,412 $12,480Parking Income: $9,900 $10,380

Units: 17 Laundry Income: $3,020 $3,264Year Built: 1964 Effective Gross Income: $245,444 $258,342Building Size (SF): 12,360Lot Size (SF): 9,375

ESTIMATED EXPENSES Current ProformaProperty Taxes: $16,392 $16,392

Current Insurance: $5,134 $5,134NOI: $202,550 Management: $0 $12,917Projected Debt Service: ($136,298) Repairs/Maintenance: $7,682 $13,600Before Tax Cash Flow: $66,252 Utilities: $11,077 $11,077CAP Rate: 5.63% Administrative: $2,609 $2,609Cash-on-Cash Return: 6.13% Total Expenses: $42,894 $61,729Principle Reduction: $48,116 Expense/Unit: $2,523 $3,631Total Return: 10.59% Net Operating Income (NOI) $202,550 $196,613

FINANCIAL ANALYSIS

OPERATING DATA - INCOME

INVESTMENT SUMMARY UNIT MIX AND AVERAGE RENT SCHEDULE

FINANCING

PROPERTY DESCRIPTION

OPERATING DATA - EXPENSES

Financial Analysis

Cheesman ParkCheesman Park

Interior Photos - 2 Bedroom

Interior Photos - 1 Bedroom

Interior Photos - Studio

Close Proximity to Denver Botanic Gardens, Capitol Building, Denver Public

Library

Building Size: 12,360 SF

Lot Size: 9,375 SF

Nearby Parks Include: Cheesman Park, Congress

Park, Quality Hill Park

Popular Nearby Retail: Potager, Park Tavern, Snarf’s

Sandwiches, Snarfburger, 7-Eleven, Sexy Pizza, Ideal

Market, 3 Kilts Tavern

Location Highlights

Neighborhood RetailNeighborhood Retail

Ideal MarketIdeal Market

DowntownDowntownRocky Mountain Front RangeRocky Mountain Front Range

1121 N. Ogden St.