Rustic Aire and Rustic Arms Portfolio
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Rustic Aire and Rustic Arms Portfolio
2 Residential Properties Offered at £11,345,525 in Englewood, CO
Investment Highlights
- 71 Total Units (23 - Rustic Aire and 48 - Rustic Arms); Attractive Unit Mix consisting of 50 – 1Br/1Ba and 21 – 2Br/1Ba Units
- One Block from Swedish Medical Center and Craig Hospital
- New Boiler in Arms (2023), New Boiler in Aire (2024), Asphalt Overlay and Striping, 70% of AC Units Replaced, Stairwell Treads on Both Buildings
- Assumable Debt at 3.27% until July 2031 - $2,508,000 Loan Balance for Aire and $5,492,000 Loan Balance for Arms ($8,000,000 Total)
- Significant Rental Upside at Both in As-Is Condition and Post-Renovation
Executive Summary
These properties offer a combined total of 71 units, with 23 units at Rustic Aire and 48 units at Rustic Arms. This investment offers significant rental upside to a new Buyer both in as-is condition and post-renovation. There is individual assumable debt available on both properties. The interest rate for each loan is fixed at 3.27% for another 7 years at an LTV of 55% of the list price (CBRE Small Balance Freddie)
Taxes & Operating Expenses (Pro forma - 2024) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | £11,345,525 | Number of Properties | 2 |
| Price / SF | £267.87 / SF | Individually For Sale | 0 |
| Net Initial Yield | 6.16% | Total Building Size | 42,354 SF |
| Sale Type | Investment | Total Land Area | 1.07 AC |
| Status | Active |
| Price | £11,345,525 |
| Price / SF | £267.87 / SF |
| Net Initial Yield | 6.16% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 42,354 SF |
| Total Land Area | 1.07 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Rustic Arms Apartments
3445 S Downing St, Englewood, CO 80113 |
Residential | 27,294 SF | 1968 | - |
|
Rustic Aire Apartments
3440 S Corona St, Englewood, CO 80113 |
Residential | 15,060 SF | 1970 | - |
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(303) 962-9543
x117
Contacts
-
Jim Knowlton -
Chris Knowlton -
Jennifer King -
Pinnacle Real Estate Advisors
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Rustic Aire and Rustic Arms Portfolio
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