720-930-9764
1259 Newton St, Denver, CO for Sale
Apartments - FOR SALE
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1259 Newton St
Denver, CO 80204
West Colfax


HIGHLIGHTS

  • Recently Delivered Class A Asset Offered at a Discount to Replacement Cost
  • Court-Appointed Receivership Sale
  • Contracting Supply Pipeline Sets the Stage for Rent Recovery and Long-Term Appreciation
  • Vibrant Address with Direct Access to Sloan’s Lake and Downtown Denver
  • Young, Educated Renter Base with Strong Income Fundamentals

OVERVIEW

Deal Room: https://platform.altrio.com/exchange/kenai-capital-advisors/signalmen-apartments Kenai Capital Advisors (“Kenai”), as exclusive advisor to the seller, is pleased to present the opportunity to acquire the fee simple interest in Signalmen Apartments, located at 1259 Newton St, Denver, Colorado 80204 (“Property”), a 52-unit, 34,070 SF Class A multifamily community situated in Denver’s highly sought-after Sloan’s Lake / West Colfax neighborhood. The Property represents a rare chance for investors to acquire a newly constructed, institutional-quality multifamily asset at a compelling basis below replacement cost. Completed in 2023, Signalmen Apartments features contemporary studio, one-bedroom, and two-bedroom floor plans, with premium finishes including stainless steel appliances, in-unit washers and dryers, select units with private balconies and patios, and individual heating and cooling systems. Building amenities include a fitness center, bike storage, package receiving room, available private storage units, and covered parking. With direct connectivity to I-70, I-25, and Denver’s RTD light rail network (the nearest RTD station is just 500 yards away), the property’s location gives its residents convenient access to downtown Denver and the surrounding metro. The nearby RTD Knox light rail stop for the W line provides direct access to Denver’s Ball Arena – home to the Denver Nuggets (NBA), Colorado Avalanche (NHL), Colorado Mammoth (NLL), and a major concert venue, Burnham Yards (future Denver Broncos stadium), and downtown Denver’s Union Station. The Property benefits from a strong resident base drawn to the neighborhood’s vibrant mix of retail, restaurants, entertainment, and recreational amenities anchored by Sloan’s Lake Park. Signalmen Apartments delivers an attractive value for investors seeking a newly constructed class-A multifamily property in one of Denver’s most active and growing corridors.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

52

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Signalmen Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,201 SF

ZONING

G-MU-3

APN/PARCEL ID

5061-19-081

ASK ABOUT THIS PROPERTY

Canyon LawKenai Capital AdvisorsMore Info
720-930-9764

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Canyon LawKenai Capital AdvisorsMore Info
720-930-9764

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.