4640 E Asbury Cir - Apartments FOR SALE


Denver, CO 80222- Virginia Village
$3,875,000 USD
720-939-2943
4640 E Asbury Cir, Denver, CO for Sale
$3,875,000 USD
Apartments - FOR SALE
1/13
null | 6.19% Cap Rate

4640 E Asbury Cir
Denver, CO 80222
Virginia Village


HIGHLIGHTS

  • All units updated in 2020-2021 ($300k spent)
  • Individual furnace/hot water in units, tenants billed directly
  • On-site common laundry for tenant use (seller owned)
  • Tenants pay for gas/unit electric directly; billed back for water/sewer/trash
  • 3 off-street parking spaces (additional income)
  • Assumable debt at 2.95%

OVERVIEW

NorthPeak Commercial Real Estate Advisors is pleased to present Asbury Gardens, a turn-key 22-unit apartment community with (2) 1Bd/1Ba units, (19) 2Bd/1Ba units and (1) 3Bd/1Ba unit. All units show very well having received a total renovation since 2021 by current ownership. Asbury Gardens is well-located between Cherry Creek and the Denver Tech Center (DTC) with great access to all of Denver. Tenants are also a short walk to the RTD Light Rail via a pedestrian bridge that begins just steps from the front of the property. The asset also offers great curb appeal with a mid century aesthetic and a nicely landscaped courtyard that anchors this quiet community. Finally, Asbury Gardens is brought to market with the option of assumable debt at just 2.95%. Please contact listing brokers for details and showings.

FOR SALE DETAILS

PRICE

$3,875,000 USD

PRICE/SF

$242 USD /SF

# OF UNITS

22

PRICE/UNIT

$176,136

CAP RATE

6.19%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Asbury Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,740 SF

ZONING

S-MU-5

APN/PARCEL ID

6302-23-009

ASK ABOUT THIS PROPERTY

Joe HornsteinNorthPeak Commercial AdvisorsMore Info
720-939-2943

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

Joe HornsteinNorthPeak Commercial AdvisorsMore Info
720-939-2943

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