1401 West 85th Ave

1401 West 85th Ave

Federal heights, CO
Available
  • Property Type: Apartments
  • Year Built : 2020
  • Property Size: 5,520 SF / 6 Units
  • Price: $2,200,000

Overview

Capstone Apartments Partners is pleased to present 1401 W 85th Avenue: a 6-unit multi-family investment opportunity located just north of downtown Denver, CO in the desirable Federal Heights neighborhood. This newly constructed investment presents an excellent opportunity for discerning real estate investors seeking stable cash flow and reliable returns.

Comprised of six spacious two-bedroom units, the property offers modern amenities and features that appeal to renters. Moreover, the large two-bedroom units are in high demand among tenants, especially young professionals, couples, and small families, commanding higher rents than smaller units. The building's recent construction translates into minimal capital expenditures in the near future, allowing for a greater focus on optimizing returns.

Additionally, with below-market rents, there is significant potential for proactive property management to increase
rental income to market rates.

As the Denver rental market continues to remain robust, the property is expected to deliver stable cash flow and appreciate in value over time. Overall, this property presents an attractive investment opportunity in a desirable location with high demand for rental units, and it is being listed at a competitive price of $2.2 million.

Investment Highlights

  • New Construction and Highly Desirable Unit Mix
  • Submarket Fundamentals/Demand Drivers
  • Location and Major Market Drivers

Contact Information

Pat Knowlton Director P: 719.3648.0423
O: 800.746.3175 ext. 7069
pknowlton@capstone-companies.com