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Property Highlights Printable Version Brochure Due Diligence Details

24 Unit Apartment Complex for Sale
Historically Low Vacancies, Historically High Rent
Low Metro Inventory, Best time to buy Apartments in years
General Information
Bowmar Apartments
5871-5873 S Lowell Blvd
Littleton, CO 80123

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Sub Market: Southwest
Building Type: Residential
Floor Plan: click here for floor plan
Construction Type: Frame
YOC: 1997
County: Arapahoe
Zoning: Multi-Family Residential

Taxes: $13,084

Sale Information
Total SF: 19200
Available SF: 19200
Sale Price: $2,530,000

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Property Description
Newer well maintained building,
2 buildings. 2 Stories, 24 units total.
Assigned Parking Space for each unit.
24, 800 Sqft units with 2bd 1/4 Bath and
Washer/Dryer and Fireplace in each unit.
Each unit individually Metered.
Each unit has personal Hot water heaters, Furnaces, and Air condition units. Tenants donít share any utilities, great tenant benefit.
Additional Storage outside each unit.
Storage Spaces in basement for tenant use.
Next to new 37 acre park for tenants to enjoy.
Great location with Easy access to Downtown Littleton, Santa Fe, Wadsworth Blvd, C-470.
Great long term tenants.
Parking: 37 Spaces - 24 Assigned, 2 Mgr, 2 Handicap
HVAC: Central - Heat and AC in each unit
Site Size: 1
Present Occupant(s): 95%
Cap Rate: 6.06
Sch Gross Inc: $219,068
Net Op Inc: $153,231
Water: public
Sewer: public
Bedrooms: 2/unit
Baths: 1.5/unit
Basement: Yes
Laundry Location: In each unit
Number of Fireplaces: 1/unit
Fireplace Location: Living room

Bryan Sperry
Phone: (303) 592-1050

Sperry Properties Inc.
1100 S. Bannock Street
Denver, CO 80223

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The following information is subject to change and/or withdrawal without notice. The information set forth herein was obtained from the owner of the property and from other sources including public records and Sperry Properties, Inc. has not verified the accuracy or completeness of such information. Sperry Properties, Inc. and its brokers will be acting as agents of the Landlord/Seller and will negotiate on behalf of and act as an advocate for the Landlord/Seller. Sperry Properties, Inc. will not be your agent without a signed agency agreement
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1100 S. Bannock Street - Denver, CO 80223
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Office: (303)  592-1050