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For sale
  • Price cut: $75K (5/19)
    $3,000,000

    63 S 22nd Ave #A1-B8, Brighton, CO 80601

    30beds
    16baths
    14,608sqft
    : 
    Multi Family
    Built in 1980
    -- sqft lot
    $-- Zestimate®
    $205/sqft
    $-- HOA

    What's special

    Fresh exterior paintNew roofsDedicated off-street parking
    Located just off Highway 7, 63 South 22nd Avenue, Buildings A & B offers a prime 16-unit multifamily investment with easy access to Denver, the metro suburbs, and Denver International Airport. This 14,608-square-foot garden-style complex consists of two 8-unit buildings with fourteen 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, totaling 30 bedrooms and 16 bathrooms. Dedicated off-street parking ensures convenience for tenants. Each unit has independent gas and electric meters, forced-air furnaces, and gas water heaters. The owner currently pays water, sewer, and trash, while tenants cover gas and electricity. The property generates $285,960 in gross rental income and a net operating income (NOI) of $192,974, with additional upside through utility reimbursements and further operational efficiencies. A comprehensive capital improvement plan has been completed, with 13 of 16 units fully renovated in the last two years. Recent upgrades include new roofs, fresh exterior paint, newer furnaces, hot water heaters, and rooftop A/C units for second-floor units. Newer (less than two years old) coin-operated laundry machines in each building help offset expenses. Further value-add opportunities remain, including resurfacing the parking lot, modernizing common areas, completing the final two unit renovations, and implementing a RUBS program to recapture owner-paid utilities. Located in a high-growth submarket, the property is within three miles of major retail, recreation, and employment hubs, including Barr Lake State Park, Prairie Center Shopping Center, Platte Valley Medical Center, and multiple schools. With turnkey operational stability, strong tenant demand, and additional value-add potential, this is a rare investment opportunity in Brighton's expanding multifamily market. Contact us today for the full Offering Memorandum (OM) and financial details.
    84 days
    on Zillow
    |
    374
    |
    12
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 19, 2025 at 06:15am

    Listed by:

    Nicholas Bukowski 970-219-7096,

    The Station Real Estate

    Source: IRES,MLS#: 1030190MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 63 S 22nd Ave #A1-B8.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 30
    • Bathrooms: 16
    Heating
    • Forced Air
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
    Features
    • Eat-in Kitchen, Open Floorplan, Walk-In Closet(s), Open Floor Plan, Walk-in Closet
    • Windows: Window Coverings
    • Basement: None
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 14,608
    • Total interior livable area: 14,608 sqft

    Property

    Parking
    • Details: Parking Per Unit(1 Space/Unit)
    Accessibility
    • Accessibility features: Level Lot, Level Drive
    Features
    • Levels: One and One Half
    • Stories: 1.5
    • Patio & porch: Patio
    • Fencing: Partial,Wood
    • Has view: Yes
    • View description: City
    Lot
    • Size: 0.89 Acres
    • Features: Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Level
    Details
    • Parcel number: R0005329
    • Zoning: Multi Unit
    • Special conditions: Private Owner

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Raised Ranch
    • Property subtype: Multi Family
    Materials
    • Wood/Frame, Brick, Wood Siding
    • Roof: Composition
    Condition
    • Not New, Previously Owned
    • New construction: No
    • Year built: 1980

    Utilities & green energy

    • Electric: Electric, Separate Meter Electricity, Xcel
    • Gas: Natural Gas, Separate Meter Gas, United Power
    • Sewer: City Sewer
    • Water: City Water, City of Brighton
    • Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Trash: Waste Solutions

    Community & HOA

    Community
    • Subdivision: Fulton Village South
    HOA
    • Has HOA: No
    Location
    • Region: Brighton

    Financial & listing details

    • Price per square foot: $205/sqft
    • Annual tax amount: $22,082
    • Date on market: 4/3/2025
    • Listing terms: Cash,Conventional,1031 Exchange
    • Exclusions: Tenant's Personal Property.
    • Total actual rent: 2688
    • Tenant pays: Deposit, Gas, Electricity
    • Income includes: Lease/Rents, Laundry
    • Electric utility on property: Yes
    • Road surface type: Paved, Asphalt
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