7 Beds
5 Baths
2,300 SqFt
7 Beds
5 Baths
2,300 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,300 sqft
Price per Sqft $369
MLS Listing ID 4119866
Bedrooms 7
HOA Y/N No
Abv Grd Liv Area 2,300
Year Built 1950
Annual Tax Amount $2,601
Tax Year 2024
Property Sub-Type Quadruplex
Source recolorado
Property Description
in one of the tightest, highest-barrier submarkets in Colorado. With 100% occupancy, consistent rent
collections, and a 6.67% in-place cap rate, the property delivers immediate yield rarely achievable in
Golden's small-multifamily segment. Current operations generate $56,674 NOI, with Year 1 NOI projected to climb to $64,011 through natural loss-to-lease burn-off, modest rent adjustments, and continued growth in utility bill-backs and ancillary revenue streams. This represents a 13% NOI increase with no major capital expenditure requirements.
Rents average $1,300 ($2.83/SF) across efficient 1-BD and 2-BD layouts. Strong rent/SF performance
reflects the dense renter demand of the submarket, yet the total rents remain $150–$300 below
comparable Golden units, providing an easily captured mark-to-market runway. Comparable buildings
across Ulysses, W 4th Ave, W 8th Pl, and Nevada routinely achieve $1,325–$1,750 depending on size and
unit mix, creating a clear and documented revenue upside without repositioning or heavy renovation.
Financing metrics are equally compelling: at a 6% interest rate and 65% LTV, buyers achieve Year 1
cash-on-cash of 10.37% and a 1.93 DCR, offering a strong cushion even under conservative economic
expectations.
Golden's long-standing regulatory constraints, limited development pipeline, and affluent renter profile
further reinforce the asset's durability. With robust demographics, minimal new supply, proven rent depth, and consistent operational performance, 16680 W 11th Ave stands as one of the most secure and yield rich small-unit offerings available in the Denver metro today—ideal for private capital, 1031 buyers, and long-term operators seeking stable cash flow with upside.
Location
State CO
County Jefferson
Zoning R-2
Interior
Heating Forced Air
Cooling Other
Fireplace N
Exterior
Roof Type Unknown
Total Parking Spaces 10
Garage No
Building
Sewer Public Sewer
Level or Stories One
Structure Type Frame
Schools
Elementary Schools Red Rocks
Middle Schools Bell
High Schools Golden
School District Jefferson County R-1
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA