The Grove at Spruce Haven | 920 Spruce Haven Dr
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The Grove at Spruce Haven 920 Spruce Haven Dr
2 Unit Block of Flats £704,187 (£352,093/Unit) 6.45% Net Initial Yield Woodland Park, CO 80863
Investment Highlights
- Rare new construction residential investment opportunity in area with low rental availability
Executive Summary
Buildings completed and ready for leasing! Rare new construction multifamily development for sale in high demand Woodland Park, CO. Development includes a total of 10 available units, in 5 buildings. Great investment opportunity to take advantage of the low rental inventory and high demand growth from Charis Bible College. Units are available for purchase by the building.
Data Room Click Here to Access
- Miscellaneous
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £704,187 | Apartment Style | Townhome |
| Price Per Unit | £352,093 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Net Initial Yield | 6.45% | Building Size | 4,310 SF |
| No. Units | 2 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 2024 |
| Property Subtype | Apartment |
| Price | £704,187 |
| Price Per Unit | £352,093 |
| Sale Type | Investment |
| Net Initial Yield | 6.45% |
| No. Units | 2 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 4,310 SF |
| Number of Floors | 2 |
| Year Built | 2024 |
Unit Amenities
- Fireplace
- Stainless Steel Appliances
- Yard
- Deck
- Island Kitchen
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 4+2.5 | 6 | - | 1,755 |
PROPERTY TAXES
| Parcel Number | R0000735 | Total Assessment | £41,507 (2023) |
| Land Assessment | £41,507 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £0 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R0000735
Land Assessment
£41,507 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£41,507 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | MFS (Multifamily Suburban) |
| MFS (Multifamily Suburban) |
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The Grove at Spruce Haven | 920 Spruce Haven Dr
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