8803 Circle Drive #1-6

Unit Breakdown:

• 6 units in total:

• 2 x 1-bedroom, 1-bath units

• 4 x 2-bedroom, 1-bath units

• Each unit has its own exterior entrance and an off-street parking space.

Construction:

• Built in 1962

• Constructed of brick

• Amenities:

• Kitchens with stove, refrigerator, and dishwashers in 2-bedroom units only

• A mix of vinyl flooring, tile, and carpeting

• On-site laundry facilities

• Sprinkler system

• Tankless hot water heater

• Boiler replaced in 2024

• Unit 2 was recently Mitigated (March 2025) due to water intrusion

Parking:

• Parking off street for tenants.

Occupancy

• The property is fully occupied, with leases expiring in March 2026.

Condition and Potential:

• The property is being sold as-is.

• Some improvements and maintenance may be needed, but with proper updates, rents could be increased.

• Location and Market Conditions:

• Situated in a growing area of Westminster, benefiting from continued net migration and large companies moving in.

• Close proximity to schools, public transportation, highway access, and other amenities.

This property offers a solid investment opportunity, particularly if you're interested in improving the units and increasing rental income. The location is prime, given the growth in Westminster and the area's ongoing development.