10775 W 13TH AVE
Multifamily | 4 Units
Marketing description
Marcus & Millichap is pleased to present 10775 W 13th Ave, a well-maintained multifamily investment opportunity located in the highly desirable Lakewood submarket of the Denver metropolitan area. Built in 1981, the property offers a rare newer-vintage construction compared to the majority of Denver-area apartment assets and has been extensively updated with modern interior finishes, including new cabinetry, countertops, luxury vinyl plank flooring, bathroom vanities, bathtubs, and contemporary fixtures. The all-electric property also features a zero-scaped exterior, providing investors with a low-maintenance ownership opportunity.
Positioned just minutes from Downtown Denver, Downtown Golden, the Denver Federal Center, and the Oak Station RTD W Line, the property benefits from strong tenant demand driven by convenient access to major employment centers, transit, shopping, dining, and outdoor recreation. With approximately $200 per unit in achievable rental upside, minimal deferred maintenance, and pricing below today's replacement cost, 10775 W 13th Ave offers investors the opportunity to acquire a turnkey asset with immediate cash flow and meaningful long-term appreciation potential in one of the Denver metro area's strongest rental markets.
Investment highlights
- RARE 1981 CONSTRUCTION WITH MODERN INTERIOR UPDATES - The Built in 1981, the property offers a newer vintage than the majority of Denver-area multifamily assets, providing investors with the benefits of more modern construction and reduced long-term maintenance. The units have been updated with new cabinetry, countertops, luxury vinyl plank flooring, bathroom vanities, bathtubs, and modern fixtures, creating an attractive rental product with broad tenant appeal.
- TRANSIT-ORIENTED ACCESSIBILITY - Located just minutes from the Oak Station on RTD's W Line, the property provides convenient rail access throughout the Denver metropolitan area, making it an attractive option for commuters.
- ACQUIRE BELOW REPLACEMENT COST WITH LOW-MAINTENANCE OPERATIONS - Offered at $1,050,000, the property provides investors with an opportunity to acquire a turnkey multifamily asset below the replacement cost of new construction while benefiting from a renovated unit mix designed to attract high-quality tenants.
- MINIMAL DEFERRED MAINTENANCE - The property has been well maintained and benefits from a newer vintage than most multifamily assets in the Denver metro. Investors can expect limited near-term capital expenditure requirements and a more predictable ownership experience.
- STRONG LAKEWOOD LOCATION - Situated in one of Lakewood's most desirable rental corridors, the property offers convenient access to Downtown Denver, Downtown Golden, the Denver Federal Center, and the Rocky Mountains. Residents enjoy proximity to major employment centers, retail, dining, and outdoor recreation.
- TURNKEY INVESTMENT WITH IMMEDIATE RENTAL UPSIDE - The combination of modern interior renovations, newer construction, and a desirable Lakewood location creates a durable investment opportunity with strong long-term tenant demand. Comparable properties support approximately $200 per unit in achievable rental upside, providing investors with a clear opportunity to increase cash flow through continued rent growth.
- FULLY ELECTRIC PROPERTY - The property is entirely electric, eliminating natural gas service and simplifying building operations. This all-electric configuration reduces infrastructure complexity while providing an efficient utility setup for long-term ownership.
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