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33280351
33280365

2918 W 28TH AVE, DENVER, CO 80211-4106

CP
FA100024161
Marcus & Millichap - Denver
Listed by Marcus & Millichap - Denver
Unpriced
6 days on market
Updated 6 days ago

Gemini Seven - 14 Townhomes in Highland Park, Denver, CO

Details
APN 0229421061000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 20,838
Net Rentable (SqFt) 20,838
Units 2
Occupancy 100%
Tenancy Multi
Year Built 2018
Buildings 2
Stories 3
Acreage 0.340
Parking Spaces per unit

2018 YOC | High-End Finishes | Individually Deeded | Highly-Desirable Submarket

Marketing description

Gemini Seven is a thoughtfully designed collection of 14 newer four-story townhomes in the heart of Highland Park, a quiet, self-contained pocket of high-end residential product in a neighborhood where nearly all comparable inventory is built for sale. Delivered in 2018 and offered by the original developer, the property presents investors with a rare opportunity to acquire institutional-quality townhome product in one of Denver’s most coveted neighborhoods for young professionals.

The asset is comprised of twelve two-bedroom homes and two three-bedroom end units, all featuring two full baths plus a half bath, attached two-car garages, and oversized private rooftop decks with sweeping city views. The end units offer an exceptional outdoor experience with additional second-floor and third-floor balconies and ground-level patios, creating a level of livability rarely matched in urban infill product. Interiors carry a true for-sale finish profile, with site-finished white oak hardwood floors, quartz countertops, stainless KitchenAid appliances, designer tile and plumbing fixtures, soft-close cabinetry, tankless water heaters, central air, and in-unit laundry throughout.

Individually deeded across 14 separate addresses, the property offers rare flexibility to operate as a premier build-to-rent community today or unwind as individual for-sale homes tomorrow. Gemini Seven attracts tenants through its walkability to both Highland Park and Jefferson Park, a 92 Walk Score, and immediate access to 32nd Avenue, Sloan’s Lake, Union Station, and the Downtown core. Backed by zero vacancy since delivery, a $143,965 average household income within one mile, a $9,228,900 aggregate appraised value, and replacement cost north of $600 per square foot, Gemini Seven stands apart as a highly differentiated asset in one of Denver Metro’s most enduring growth corridors.

Investment highlights

  • 14 Townhomes | Twelve 2-Bedroom Units and Two 3-Bedroom End Units | Four Stories of For-Sale Quality Product
  • Built in 2018 | Offered by the Original Developer
  • Individually Deeded | 14 Separate Addresses | Build-to-Rent Today or Unwind as For-Sale Homes Tomorrow
  • True For-Sale Finish Profile | White Oak Hardwoods, Quartz Counters, KitchenAid Appliances, Designer Tile and Plumbing
  • Two Seven-Unit Rowhomes | Quiet, Self-Contained Setting
  • Attached Two-Car Garages | Private Rooftop Decks with City Views on Every Unit | Bonus Patios and Multi-Floor Balconies on End Units
  • Highland Park Location | Walkable to Both Highland Park and Jefferson Park | 1.5 Miles to 32nd Avenue, Sloan’s Lake, and Downtown Whole Foods
  • Walk Score of 92 | 1.3–1.6 Miles to Union Station | ~2 Miles to LoDo and Downtown Denver | 2 Minutes to I-25
  • Minutes from One of the Region’s Largest Employment Centers | ~132,000 Workers and 23M+ SF of Office in the Urban Core
  • Zero Vacancy Since Delivery | $143,965 Average Household Income | Strong Young Professional Demographic
  • $9,228,900 Aggregate Appraised Value | Replacement Cost Exceeds $600/SF | Rare For-Rent Townhome Opportunity in a For-Sale Market

Listing Contacts

CP
FA100024161
Marcus & Millichap - Denver
Listed by Marcus & Millichap - Denver

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