Listed by CBRE - Denver Downtown
$6,500,000
Townhomes at Cherry Creek North
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 18,000
Net Rentable (SqFt) 15,850
Units 12
Cap Rate 5.25%
Occupancy 100%
Broker Co-Op Yes
Class A
Year Built 2016
Buildings 1
Stories 3
Parking Spaces 12 spaces
Parking Per SqFt 0.67
Investment Type Core+
Multifamily | 12 Townhome Units | 2016 YOC
Marketing description
CBRE is pleased to present the Townhomes at Cherry Creek North, an ultra-rare investment opportunity in the highly coveted Cherry Creek neighborhood. Delivered in 2016, the THCCN is a 12-unit rental community located off 1st Avenue and CO Blvd. The property is comprised of mainly three-bedroom units featuring luxurious interior finishes, kitchen islands, private balconies, and 3 or 4 bathrooms. The property boasts a secure 12-space underground parking garage, a valuable neighborhood amenity.
Investment highlights
-Desirable, large-format townhome units
-A+ Cherry Creek location
-Secure parking garage
-74% discount to rent vs. own in Cherry Creek
-1,321 sft. average unit size
-Highly affluent demographics
Listing Contacts
Listed by CBRE - Denver Downtown
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