50+Acre Multi-Family Development Site
Rare opportunity to acquire 50.65 Acres of Land in Jefferson County.
Marketing description
Rare opportunity to acquire 50.65 Acres of Land in Jefferson County.
The site consists of 4 parcels and has an approved PUD (formed in 2003) for 40 Buildings consisting of 8 units each for a total of 320 units. There is a sewer line expansion project underway which will provide sewer access to the site. Jefferson County has a 5.3% average vacancy rate for multi-family.
The site is located in House Springs off of Hwy-30 at Carol Park Road.
Investment highlights
· PUD approved site for 40 Multi-Family buildings comprising 320 units
· Located at Highway 30 & carol park road
· Sewer line expansion nearby (bear creek watershed)
· Jefferson county submarket has a 5.3% apartment vacancy rate
· Only 3,500 multi-family units for a population of 230,000 in Jefferson county
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