9191 Pierce St Unit 1,2,3,4,5, Westminster, CO 80021

Property Description

Rare opportunity to acquire five new-construction, individually deeded townhomes at Greenlawn Towns, approximately one mile from Downtown Westminster. Each residence features 3 bedrooms, 3.5 bathrooms and an attached 2-car garage. Three of the five homes also feature private rooftop decks. Offered together at $2,600,000, the portfolio totals 9,229 finished square feet. Modern, all-electric construction includes energy-efficient features, contemporary finishes, upper-level laundry, EV-ready garages and solar pre-wire. Five separate deeds provide added ownership and future disposition flexibility compared with a traditional multifamily investment. Projected rents of $3,400 per home generate $204,000 in annual gross scheduled rent. Projected annual operating expenses of $47,240 result in projected NOI of $156,760 and a projected 6.03% cap rate. Projected expenses include estimated property taxes, HOA dues of $150/month per home ($9,000 annually), insurance, 3% vacancy and 3% maintenance reserves. Seller is the builder. Construction is underway with completion currently scheduled for February 2027. Photos shown are of the Greenlawn Towns model home and are representative of the community; actual homes, finishes and features may vary. Buyer to independently verify rents, expenses, financial projections, HOA information, specifications and completion timing.