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10717 W 38th Ave
Wheat Ridge, CO 80033 Applewood Villages

$1,699,000 USD

Apartments For Sale  •  6,650 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,650 SF
  • Lot Size 0.33 AC
  • Building Class C
  • Year Built 1969
  • Cap Rate 7.47 %
30 Transit Score
40 Walk Score

Highlights

7.47% Current CAP Rate!!
All Large, Beautifully Renovated Two-Story Townhome- Style Units with Private Yards
Recent Capital Improvements Include New Roof (2017), Windows & Siding (2019), Parking Lot (2021), and Individual Patio Updates (2021)
Fully Renovated Interiors Featuring New Kitchen Cabinets, Granite Countertops, Updated Flooring, Remodeled Bathrooms, and More
Just 0.20% Vacancy (Trailing 12 Months)
Tenant Storage Lockers and Community BBQ Area

Property Flyers

Financial Summary (Actual)

Net Operating Income: $126,932 USD (2025)
Cap Rate: 7.47 %
Total Expenses: $23,308 USD

Major Tenants

Tenant SF Occupied Lease End Date
Broadway Counseling

Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Laundry Facilities
  • Storage Space
  • Grill
  • Ceiling Fans
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Carpet
  • Yard
  • Double Pane Windows
  • Large Bedrooms
  • Smoke Detector
  • Quartz Countertops

Public Transportation

Commuter RailDriveWalkDistance
Arvada Ridge Station Track 1 (Union Station to Wheat Ridge Ward Station - Regional Transportation District) 5 min - 2.7 mi
Wheat Ridge - Ward Station Track 1 (Union Station to Wheat Ridge Ward Station - Regional Transportation District) 7 min - 3.2 mi
AirportDriveWalkDistance
Denver International 39 min - 30.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 21
Type: Surface
Included in Rent: Yes
Josh Newell 303-962-9555 Pinnacle Real Estate Advisors
Josh Newell 303-962-9555 Pinnacle Real Estate Advisors