7721 E 14th Ave, Denver, CO 80220 For Sale

RARE COTTAGE-STYLE MULTIFAMILY COMMUNITY

• Unlike traditional apartment buildings, 7721 E 14th Ave consists of six side-by-side cottage-style residences, offering tenants the privacy and feel of single-family living while maintaining the operational efficiencies of multifamily ownership. Each residence features its own private entrance, creating a more desirable living experience that differentiates the property from competing apartment communities. This unique product type has historically attracted long-term tenants and supports strong occupancy due to the limited supply of comparable rental housing in the Denver market.

LARGE 0.35-ACRE CORNER PARCEL

• Situated on an expansive 0.35-acre corner lot, the property benefits from strong underlying land value in one of Denver’s most established neighborhoods. The generous site size enhances long-term redevelopment potential while providing investors with valuable downside protection through the intrinsic value of the land.

CONDOMINIUM CONVERSION OPPORTUNITY

• The side-by-side cottage configuration provides a unique opportunity for a future owner to explore a condominium conversion. Unlike many traditional apartment buildings, the physical layout naturally lends itself to individual ownership, creating an alternative exit strategy that could unlock significant additional value depending on future market conditions.

FULLY RENOVATED INVESTMENT OPPORTUNITY

• The property has undergone extensive renovations, creating a turnkey investment with minimal deferred maintenance. Future ownership can benefit from modernized units that require limited near-term capital expenditures while continuing to attract quality tenants willing to pay premium rents for updated finishes and the property’s unique cottage-style layout.

DETACHED GARAGES GENERATE ADDITIONAL INCOME

• Each residence includes its own detached garage that is leased separately to tenants, providing an additional income stream beyond apartment rents. These garages not only enhance overall cash flow but also increase tenant convenience and retention while adding another amenity that is increasingly difficult to find in the East Denver rental market.

STRONG IN-PLACE CASH FLOW WITH ADDITIONAL UPSIDE

• The property is offered at an attractive 7.35% Day One Cap Rate with the ability to increase to a 7.89% Year One Cap Rate, providing investors with immediate cash flow from day one of ownership. The combination of stabilized operations, separately rented garages, and future rental growth creates a durable investment capable of producing strong risk-adjusted returns in today’s investment environment.