2929 W Colorado Ave - Apartments FOR SALE


Denver, CO 80219- Ruby Hill
$3,460,000 USD
303-594-3252
2929 W Colorado Ave, Denver, CO for Sale
$3,460,000 USD
Apartments - FOR SALE
1/10
null | 7.07% Cap Rate

2929 W Colorado Ave
Denver, CO 80219
Ruby Hill


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,460,000 USD

PRICE/SF

$172 USD /SF

# OF UNITS

23

PRICE/UNIT

$150,435

CAP RATE

7.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pam Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,551 SF

ZONING

R4

APN/PARCEL ID

5204-04-046

ASK ABOUT THIS PROPERTY

Sam BretzMMGMore Info
303-594-3252

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Sam BretzMMGMore Info
303-594-3252

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