Asbury Gardens
Multifamily | 22 Units | $163,409/unit
Marketing description
NorthPeak Commercial Real Estate Advisors is pleased to present Asbury Gardens, a turn-key 22-unit apartment community with (2) 1Bd/1Ba units, (19) 2Bd/1Ba units and (1) 3Bd/1Ba unit. All units show very well having received a total renovation since 2021 by current ownership.
Asbury Gardens is well-located between Cherry Creek and the Denver Tech Center (DTC) with great access to all of Denver. Tenants are also a short walk to the RTD Light Rail via a pedestrian bridge that begins just steps from the front of the property. The asset also offers great curb appeal with a mid century aesthetic and a nicely landscaped courtyard that anchors this quiet community.
Finally, Asbury Gardens is brought to market with the option of assumable debt at just 2.95%. Please contact listing brokers for details and showings.
Investment highlights
• All units updated in 2020-2021 ($300k spent)
• Individual furnace/hot water in units, tenants billed directly
• On-site common laundry for tenant use (seller owned)
• Tenants pay for gas/unit electric directly; billed back for water/sewer/trash
• 3 off-street parking spaces (additional income)
• Assumable debt at 2.95%
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