290 N 11th Ave - Apartments FOR SALE


Brighton, CO 80601
$1,400,000 USD
303-990-4361
290 N 11th Ave, Brighton, CO for Sale
$1,400,000 USD
Apartments - FOR SALE
1/5
null | 5.5% Cap Rate

290 N 11th Ave
Brighton, CO 80601


HIGHLIGHTS

  • Prime Location with Direct Access to Metro Denver Growth
  • Established Employment Base with Regional Job Connectivity
  • Five Neighboring Townhomes with Spacious Layouts and Strong Investment Potential
  • Flexible Exit Strategies with Strong Upside
  • Available Individually or as Part of a Larger Portfolio; Contact Advisor for Other Opportunities

OVERVIEW

MMG Real Estate Advisors is pleased to present an exceptional opportunity to acquire Brighton Townhomes at 290 N 11th Ave, consisting of five individually parceled neighboring townhomes in Brighton, Colorado. Each spacious unit offers 2 bedrooms, 1.5 baths, and approximately 1,158 square feet of well-designed living space, complete with central air conditioning, attached garages, and additional off-street parking. Units also feature private patios and backyards, along with in-unit washer and dryer hookups, offering added convenience for tenants. These townhomes are individually metered for gas and electric, and have undergone recent capital improvements, including newer furnaces and water heaters, reducing immediate maintenance needs. Located just 25 minutes from Downtown Denver, the property benefits from Brighton’s strong rental demand, growing population, and proximity to major employment centers. With low HOA dues and rents currently below market, there is immediate upside through strategic rent increases. The property offers multiple exit strategies, including selling units individually or as a larger portfolio, or living in one or two units while renting out the others. This portfolio is ideal for both owner-users and investors seeking long-term cash flow and appreciation in one of the 3 Denver metro area’s fastest-growing communities

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$242 USD /SF

# OF UNITS

5

PRICE/UNIT

$280,000

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,340 SF

ZONING

-

APN/PARCEL ID

1569-05-3-03-013,1569-05-3-03-014,1569-05-3-03-015,1569-05-3-03-016,1569-05-3-03-017,1569-05-3-03-018,1569-05-3-03-019

ASK ABOUT THIS PROPERTY

303-990-4361

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303-990-4361

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