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JOSH [email protected]
For more information, please contact:
Pinnacle Real Estate Advisors, LLC1 Broadway #A300, Denver, CO 80203303.962.9555 | www.PinnacleREA.com
RACHEL EDSONTransaction [email protected]
• All 2Bd/1Ba Units With Private Fenced Yards or Spacious Decks &
Balconies
• Newer Roof, Windows & Sewer Line
• Located on Large 0.42 Acre Corner Lot
• 4 Carports
• Coin-Op Washer & Dryer
• Near Clear Creek Crossing Redevelopment
• 1 Mile to Wheat Ridge - Ward Light Rail Station
Sale Price: $830,0004704-4716 Simms Street
Property Features:
FOR SALE4704-4716 SIMMS STREET I WHEAT RIDGE, CO 80033
Pinnacle Real Estate Advisors | One Broadway #A300 Denver, CO 80203 | 303.962.9559 | www.PinnacleREA.com © 2020 Pinnacle Real Estate Advisors, LLC. All information contained herein has been obtained from sources we believe to be reliable. However, we accept no responsibility for its accuracy and encourage verification of all information prior to making financial decisions.
JOSH NEWELLPrincipal
RACHEL EDSONTransaction Manager
Pinnacle Real Estate Advisor’s Top Producer 2008, 2010, 2011, 2012, 2013, 2014, 2017, 2018 & 2019
FOR SALE4704-4716 SIMMS STREET I WHEAT RIDGE, CO 80033
CONNOR KNUTSONSenior [email protected]
CONNOR KNUTSONSenior Advisor303.962.9567
COLORADO COLORADO SCHOOL OF SCHOOL OF
MINESMINES
4704-4716 Simms Street
WHEAT RIDGE-WHEAT RIDGE-WARD LIGHTWARD LIGHT
RAIL STATIONRAIL STATION
CLEAR CREEKCLEAR CREEK CROSSING: 110- CROSSING: 110-
ACRE MIXED USE ACRE MIXED USE
REDEVELOPMENTREDEVELOPMENTApplewood Applewood Golf CourseGolf Course
BARTON THOMPSONSenior Advisor303.407.9789
Sale Price: $830,000
PRICING ANALYSIS SUBJECT PROPERTY
4704-4716 SIMMS STREETWheat Ridge, CO 80033
SALES COMPARABLES
UNIT MIX AND AVERAGE RENT SCHEDULEApprox Current Monthly Proforma Monthly
UNIT TYPE # Units SF Rent Income Rent Income2 Bed 1 Bath 4 850 $1,341 $5,365 $1,400 $5,600Total 4 3,400 $5,365 $5,600
OPERATING DATA
INCOME Current ProformaGross Potential Rent $64,380 $67,200Other IncomeUtility Reimbursement (Actual - T12) $1,174 $1,174Late Fees/NSF (Actual - T12) $600 $600Pet Fees (Actual - T12) $300 $300Laundry Income (Actual - T12) $317 $317Misc Income (Actual - T12) $286 $286Total Other Income $2,677 $2,677
Gross Potential Income $67,057 $69,877Vacancy/Collection Loss (Estimated) 5.0% ($3,353) 5.0% ($3,494)EFFECTIVE GROSS INCOME $63,704 $66,383
EXPENSESTaxes (Actual - 2020) $4,489 $4,489Insurance (Quote - Traveler's) $3,707 $3,707Gas & Electric (Actual - T12) $1,615 $1,615Water & Sewer (Actual - T12) $3,546 $3,546Trash (Actual - T12) $892 $892Maintenance & Repairs (Estimated: $650/Unit/Year) $2,600 $2,600TOTAL EXPENSES $16,849 $16,849Expenses per Unit $4,212 $4,212Expenses per SF $4.96 $4.96% OF EGI 26.4% 25.4%NET OPERATING INCOME $46,855 $49,534
FINANCIAL ANALYSISCurrent Pro Forma
Net Operating Income $46,855 $49,534Projected Debt Service ($33,544) ($33,544)Before Tax Cash Flow $13,312 $15,991CAP Rate 5.65% 5.97%Cash-on-Cash Return 6.42% 7.71%Principal Reduction $11,947 $11,947Total Return $25,258 $27,937Return on Equity 12.17% 13.46%
Units: 4
Year Built: 1972
Building Type: Brick & Mansard Shingle
Building Size: 3,468 SF
Lot Size: 0.42 Acres
Zoning: R-3
Roof: Pitched
HVAC: Hot Water Boiler
Parking: 4 Carports
Price: $830,000Price/Unit: $207,500Price/SF: $239.33
PROPOSED FINANCING
Loan Amount: $622,500
Down Payment: $207,500
Interest: 3.50%
Amortization: 30 years
Monthly Pmt. ($2,795)
PROPERTY DESCRIPTION
INVESTMENT SUMMARY
Number of Units: 4
Year Built: 1929
Sale Price: $800,000
Sale Date: 07/10/2020
Price/Unit: $200,000
Price/SF: $309.60
Unit Mix:
3 1Bd/1Ba
1 2Bd/1Ba
3740 Jay Street3
SUBJECT3
Number of Units: 4
Year Built: 1972
Price/Unit: $207,500
Price/SF: $239.33
Unit Mix:
4 2Bd/1Ba
Number of Units: 4
Year Built: 1961
List Price: $835,000
Sale Date: 08/28/2020
Price/Unit: $208,750
Price/SF: $283.63
Unit Mix:
4 2Bd/1Ba
4515 Flower Street1
SUBJECT
1
Number of Units: 4
Year Built: 1962
Sale Price: $800,000
Sale Date: 07/17/2020
Price/Unit: $200,000
Price/SF: $271.74
Unit Mix:
4 2Bd/1Ba
4583 Everett Street2
SUBJECT
2
Sale Price: $830,000
PRICING ANALYSIS SUBJECT PROPERTY
4704-4716 SIMMS STREETWheat Ridge, CO 80033
SALES COMPARABLES
UNIT MIX AND AVERAGE RENT SCHEDULEApprox Current Monthly Proforma Monthly
UNIT TYPE # Units SF Rent Income Rent Income2 Bed 1 Bath 4 850 $1,341 $5,365 $1,400 $5,600Total 4 3,400 $5,365 $5,600
OPERATING DATA
INCOME Current ProformaGross Potential Rent $64,380 $67,200Other IncomeUtility Reimbursement (Actual - T12) $1,174 $1,174Late Fees/NSF (Actual - T12) $600 $600Pet Fees (Actual - T12) $300 $300Laundry Income (Actual - T12) $317 $317Misc Income (Actual - T12) $286 $286Total Other Income $2,677 $2,677
Gross Potential Income $67,057 $69,877Vacancy/Collection Loss (Estimated) 5.0% ($3,353) 5.0% ($3,494)EFFECTIVE GROSS INCOME $63,704 $66,383
EXPENSESTaxes (Actual - 2020) $4,489 $4,489Insurance (Quote - Traveler's) $3,707 $3,707Gas & Electric (Actual - T12) $1,615 $1,615Water & Sewer (Actual - T12) $3,546 $3,546Trash (Actual - T12) $892 $892Maintenance & Repairs (Estimated: $650/Unit/Year) $2,600 $2,600TOTAL EXPENSES $16,849 $16,849Expenses per Unit $4,212 $4,212Expenses per SF $4.96 $4.96% OF EGI 26.4% 25.4%NET OPERATING INCOME $46,855 $49,534
FINANCIAL ANALYSISCurrent Pro Forma
Net Operating Income $46,855 $49,534Projected Debt Service ($33,544) ($33,544)Before Tax Cash Flow $13,312 $15,991CAP Rate 5.65% 5.97%Cash-on-Cash Return 6.42% 7.71%Principal Reduction $11,947 $11,947Total Return $25,258 $27,937Return on Equity 12.17% 13.46%
Units: 4
Year Built: 1972
Building Type: Brick & Mansard Shingle
Building Size: 3,468 SF
Lot Size: 0.42 Acres
Zoning: R-3
Roof: Pitched
HVAC: Hot Water Boiler
Parking: 4 Carports
Price: $830,000Price/Unit: $207,500Price/SF: $239.33
PROPOSED FINANCING
Loan Amount: $622,500
Down Payment: $207,500
Interest: 3.50%
Amortization: 30 years
Monthly Pmt. ($2,795)
PROPERTY DESCRIPTION
INVESTMENT SUMMARY
Number of Units: 4
Year Built: 1929
Sale Price: $800,000
Sale Date: 07/10/2020
Price/Unit: $200,000
Price/SF: $309.60
Unit Mix:
3 1Bd/1Ba
1 2Bd/1Ba
3740 Jay Street3
SUBJECT3
Number of Units: 4
Year Built: 1972
Price/Unit: $207,500
Price/SF: $239.33
Unit Mix:
4 2Bd/1Ba
Number of Units: 4
Year Built: 1961
List Price: $835,000
Sale Date: 08/28/2020
Price/Unit: $208,750
Price/SF: $283.63
Unit Mix:
4 2Bd/1Ba
4515 Flower Street1
SUBJECT
1
Number of Units: 4
Year Built: 1962
Sale Price: $800,000
Sale Date: 07/17/2020
Price/Unit: $200,000
Price/SF: $271.74
Unit Mix:
4 2Bd/1Ba
4583 Everett Street2
SUBJECT
2
NN
JOSH [email protected]
For more information, please contact:
Pinnacle Real Estate Advisors, LLC1 Broadway #A300, Denver, CO 80203303.962.9555 | www.PinnacleREA.com
RACHEL EDSONTransaction [email protected]
• All 2Bd/1Ba Units With Private Fenced Yards or Spacious Decks &
Balconies
• Newer Roof, Windows & Sewer Line
• Located on Large 0.42 Acre Corner Lot
• 4 Carports
• Coin-Op Washer & Dryer
• Near Clear Creek Crossing Redevelopment
• 1 Mile to Wheat Ridge - Ward Light Rail Station
Sale Price: $830,0004704-4716 Simms Street
Property Features:
FOR SALE4704-4716 SIMMS STREET I WHEAT RIDGE, CO 80033
Pinnacle Real Estate Advisors | One Broadway #A300 Denver, CO 80203 | 303.962.9559 | www.PinnacleREA.com © 2020 Pinnacle Real Estate Advisors, LLC. All information contained herein has been obtained from sources we believe to be reliable. However, we accept no responsibility for its accuracy and encourage verification of all information prior to making financial decisions.
JOSH NEWELLPrincipal
RACHEL EDSONTransaction Manager
Pinnacle Real Estate Advisor’s Top Producer 2008, 2010, 2011, 2012, 2013, 2014, 2017, 2018 & 2019
FOR SALE4704-4716 SIMMS STREET I WHEAT RIDGE, CO 80033
CONNOR KNUTSONSenior [email protected]
CONNOR KNUTSONSenior Advisor303.962.9567
COLORADO COLORADO SCHOOL OF SCHOOL OF
MINESMINES
4704-4716 Simms Street
WHEAT RIDGE-WHEAT RIDGE-WARD LIGHTWARD LIGHT
RAIL STATIONRAIL STATION
CLEAR CREEKCLEAR CREEK CROSSING: 110- CROSSING: 110-
ACRE MIXED USE ACRE MIXED USE
REDEVELOPMENTREDEVELOPMENTApplewood Applewood Golf CourseGolf Course
BARTON THOMPSONSenior Advisor303.407.9789
![Beverage Holdings, L.L.C. v. 5701 Lombardo, L.L.C. …...Beverage Holdings, L.L.C. v. 5701 Lombardo, L.L.C., Slip Opinion No. 2019-Ohio-4716, 2019-Ohio-4716.] NOTICE This slip opinion](https://img.dokumen.tips/doc/110x75/5f99959d4bd5cb70d92ecd3b/beverage-holdings-llc-v-5701-lombardo-llc-beverage-holdings-llc.jpg)
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