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2929 West Colorado Avenue, Denver, CO 80219

AR
CO CO 100024441
MMG
JK
CO CO 100017489
MMG
SB
EO-100081587
MMG
Listed by MMG
$3,460,000
1 day on market
Updated 1 day ago

2929 W Colorado Avenue

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 20,085
Units 23
NOI $179,316
Tenancy Multi
Pro-Forma NOI $244,552
Class C
Year Built 1961
Year Renovated 2013
Buildings 1
Stories 3
Acreage 0.360
Parking Spaces 7 spaces
Parking Per SqFt 0.35
Investment Type Value Add

Multifamily | 23 Units

Marketing description

MMG Real Estate Advisors is pleased to present the opportunity to acquire 2929 W Colorado Avenue, a 23-unit value-add multifamily asset located in Denver's Barnum neighborhood along the high-demand South Federal Corridor. Situated one block off South Federal Boulevard with immediate access to I-25 and downtown Denver four miles away, the property sits at the center of one of the metro's densest workforce-housing submarkets - 44% renter-occupied, undersupplied at the Class C price point, and anchored by major demand drivers including the Federal Center campus, Auraria higher-education campus, and Empower Field at Mile High. With Denver's supply pipeline collapsing to a decade low and the funded Federal Boulevard BRT repricing the corridor ahead of 2030 service, a new owner acquires reset basis with multiple converging catalysts already in motion.

Investment highlights

  • Prime South Federal Corridor Location
  • Immediate Access to Major Denver Demand Drivers
  • Deep, Stable Workforce Renter Pool

Listing Contacts

AR
CO CO 100024441
MMG
JK
CO CO 100017489
MMG
SB
EO-100081587
MMG
Listed by MMG

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$179,316.00
$14,943.00/mo

Valuation Metrics

0
DSCR
5.18%
Cap Rate
5.18%
ROI

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Additional Information

Name
Adam Riddle
License
CO 100024441
Brokerage
Capstone Companies
Title
VP & Partner
Brokerage Address
1031 Santa Fe Drive
Name
Jason Koch
License
CO 100017489
Brokerage
MMG
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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