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Running on the ListingLab.com property listing system.

Reaction Web ®
Managed Results For Commercial Real Estate
8174 S. Holly St. #223, Centennial, CO 80122
Phone: 303-841-2335 | Fax: 303-479-9134
www.reactionweb.com | reaction@reactionweb.com 
-->
















	




	
	





	
		
		
			
			
		
	
		
	
		
			
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
				
			
			
			
				
				
					
				
				
					
					
						
					
				
				
				
			
			
		
	










































































	
	

	
	

	
	

	
	

	
	

	
	

	
	

	
	

	
	

	
	

	
	

	
	

	
	

	
	

	
	


















	
	
	





				








	






	
	
	



	




	
	

	


 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// -->
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</HEAD>

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN"> 
<html> 
<head> 
<title>Colliers International: Find a Property</title> 
 
<meta name="sourceDomain" content="Markets/MultiFamily" /> 
<meta name="contentType" content="Find_Property_Landing_Page" /> 
<meta name="description" content="landing page, multi family properties" /> 
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<meta name="date" content="2005-01-27" /> 
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<meta name="market" content="Markets/MultiFamily" /> 
<meta name="keywords" content="Multi Family, Find a Property" /> 
 
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</head> 
<body> 


 
<table border="0" cellspacing="0" cellpadding="0" bgcolor="#dddddd"> 
<tr> 
<td width="30" rowspan="2" valign="top"><img src="http://www.listinglab.com/account_bin/LLSkins/11/images/bgStripe.gif" width="30" height="256" alt="" border="0" /></td> 
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<!-- HEADER CONTROL --> 
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<td> 
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		<td style="white-space: nowrap;" height="30"><img src="http://www.listinglab.com/account_bin/LLSkins/11/images/arrowLeft36c.gif" width="3" height="6" alt="" style="border-width: 0px;" />&nbsp;<a href="http://www.colliers.com/Corporate/" class="utilityNav">Colliers Global Site</a></td> 

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</td> 
<!-- / UTILITY CONTROL -->	
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</td> 
<!-- / CORPORATE LOGO CONTROL --> 
 
					
<!-- HEADER BANNER CONTROL --> 
<td style="width: 1px; height: 1px;"> 
	<img src="http://www.listinglab.com/account_bin/LLSkins/11/images/spacer.gif" width="1" height="1" alt="" style="border-style: none;" /> 
</td> 
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			<nobr><a href="http://www.colliers.com/Markets/MultiFamily/OurProcess/" class="mainNav"><img src="http://www.listinglab.com/account_bin/LLSkins/11/images/spacer.gif" width="5" height="20" alt="" style="border-width: 0px; text-align: center; vertical-align: middle;" />Our Process<img src="http://www.listinglab.com/account_bin/LLSkins/11/images/spacer.gif" width="5" height="20" alt="" style="border-width: 0px; text-align: center; vertical-align: middle;" /></a></nobr> 
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			<nobr><a href="http://www.cmagapts.com/get_listings.cfm?doFilter=0" class="mainNav"><img src="http://www.listinglab.com/account_bin/LLSkins/11/images/spacer.gif" width="5" height="20" alt="" style="border-width: 0px; text-align: center; vertical-align: middle;" />Recent Closings<img src="http://www.listinglab.com/account_bin/LLSkins/11/images/spacer.gif" width="5" height="20" alt="" style="border-width: 0px; text-align: center; vertical-align: middle;" /></a></nobr> 
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		<td class="mainNavBG" onMouseOver="this.className='mainNavOverBG'" onMouseOut="this.className='mainNavBG'" > 
			<nobr><a href="http://www.colliers.com/Markets/MultiFamily/Locations/" class="mainNav"><img src="http://www.listinglab.com/account_bin/LLSkins/11/images/spacer.gif" width="5" height="20" alt="" style="border-width: 0px; text-align: center; vertical-align: middle;" />Locations<img src="http://www.listinglab.com/account_bin/LLSkins/11/images/spacer.gif" width="5" height="20" alt="" style="border-width: 0px; text-align: center; vertical-align: middle;" /></a></nobr> 
		</td> 
		<td style="width: 1px;" class="mainNavSeparatorBG"> 
			<img src="http://www.listinglab.com/account_bin/LLSkins/11/images/spacer.gif" width="1" height="1" alt="" style="border-style: none;" /> 
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		<td class="mainNavBG" onMouseOver="this.className='mainNavOverBG'" onMouseOut="this.className='mainNavBG'" > 
			<nobr><a href="http://www.colliers.com/Markets/MultiFamily/About/" class="mainNav"><img src="http://www.listinglab.com/account_bin/LLSkins/11/images/spacer.gif" width="5" height="20" alt="" style="border-width: 0px; text-align: center; vertical-align: middle;" />About Us<img src="http://www.listinglab.com/account_bin/LLSkins/11/images/spacer.gif" width="5" height="20" alt="" style="border-width: 0px; text-align: center; vertical-align: middle;" /></a></nobr> 
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        <td class="style12">&nbsp;&nbsp;&nbsp;&nbsp;Central Park Apartments</td>
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        <td align="center"><p>64 units | $64,063 per unit | 6.74% Cap Rate (Actual)</p>
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			<p>Central Park Apartments is a two story garden style apartment complex consisting of two bedroom, one bedroom and studio apartments.&nbsp; The property is located in Arden-Arcade, a stable rental area that is near freeways, public transportation and shopping.</p>
<p>Amenities include: gated pool; two laundry facilities; covered parking; spacious floor plans; gated access; and abundant parting.</p>
<p>The complex is well maintained and landscaped.&nbsp; All units were recently renovated.&nbsp; New carport roofs were installed in 2003 and new building roofs were installed in 2005.</p>
<p>Existing loan of $3,212,000 is assumable with an adjustable rate of 5.75%.&nbsp; At a 6.58% cap rate, this project is a great opportunity.</p>
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					&nbsp;&nbsp;&nbsp;<a href="http://www.listinglab.com/collective/pop_file_opener.cfm?getFile=6103&getType=1&getIDi=773&doSubID=110" target="_blank"><img src="http://www.listinglab.com/images/iconpdf.gif" alt="pdf File" border="0" align="ABSMIDDLE"></a>&nbsp;&nbsp;<a href="http://www.listinglab.com/collective/pop_file_opener.cfm?getFile=6103&getType=1&getIDi=773&doSubID=110" target="_blank">Central Park Flyer</a> (549 Kb)<br>
				
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					<strong>Bruce Hester, CCIM</strong>
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						916.563.3042
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