Riverpoint Apartments
Multifamily | 42 Units
Marketing description
As exclusive advisor, MMG Real Estate Advisors is pleased to offer the rare opportunity to acquire Riverpoint Apartments, a 42-unit multifamily community located in Denver, Colorado. The property is strategically located in South Denver with convenient access to Santa Fe Drive, I-25, and Highway 6, allowing connectivity throughout the Denver Metro, and benefits from proximity to Downtown Denver, the Denver Tech Center, and the South Broadway corridor. Built in 1971 and partially renovated in 2022, Riverpoint Apartments is a truly unique value-add asset that provides significant upside through the modernization of remaining classic units and operational improvements to stabilize the current occupancy. The asset features highly attractive, assumable full-term interest-only financing with a principal balance of $3.59M at a fixed 3.35% interest rate. The community offers a desirable mix of one- and two-bedroom floorplans and features recent exterior upgrades alongside modernized interiors in select units. Riverpoint Apartments presents a compelling opportunity driven by the combination of attractive assumable financing, operational upside through continued renovations, and strong Denver market fundamentals.
Investment highlights
- Premier South Denver Location with Strong Accessibility
- Strong Denver Demographics and Employment Drivers
- Continued Capital Improvements and Unit Upgrades
- Established Asset Positioned Within a High Demand Rental Corridor
- Operational and Rental Upside Through Continued Value Add Execution
- Highly Attractive Assumable Agency Financing
- Compelling Basis and Cash Flow Opportunity in Denver
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