8803 Circle DR, Westminster, CO 80031
8803 Circle DR, Westminster, CO 80031
8803 Circle DR, Westminster, CO 80031
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Justin Morgan

Justin Morgan

+1(720) 893-2278
$1,149,000
Est. payment /mo
4,722 SqFt
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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,722 sqft

Price per Sqft $243

MLS Listing ID 6046100

HOA Y/N No

Year Built 1962

Annual Tax Amount $8,587

Tax Year 2024

Lot Size 0.253 Acres

Acres 0.25

Property Sub-Type Multi Family

Source recolorado

Property Description

Well-maintained 6-unit multifamily property in central Westminster with strong in-place income and additional upside through continued unit renovations. The property is fully leased and benefits from consistent rental demand due to its central location with easy access to both Denver and Boulder employment corridors.

The unit mix includes two updated 2-bedroom units and one updated 1-bedroom unit, featuring modern kitchens, updated bathrooms, and new flooring. Remaining units provide value-add potential through future renovation, allowing investors to increase rents and improve overall asset performance.

Recent exterior improvements include a new roof, fresh exterior paint, and updated wood accent siding, enhancing curb appeal while minimizing near-term capital expenditure risk.

The property currently generates $101,760 in annual gross income with the potential to increase income to approximately $108,960 through continued unit upgrades and rent adjustments.

Located in central Westminster with convenient access to US-36, I-25, Boulder, and Downtown Denver, the property benefits from strong tenant demand driven by proximity to major employment centers and transportation corridors.

This offering presents investors with a stable, fully leased asset with proven rentability and clear value-add potential through interior renovations and rent optimization.

Location

State CO

County Adams

Zoning R-3

Interior

Fireplace N

Exterior

Roof Type Composition

Garage No

Building

Sewer Public Sewer

Water Public

Structure Type Frame

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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REColorado (REColorado MLS)
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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Justin Morgan

Justin Morgan

+1(720) 893-2278

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