6915 W 24th Ave - Apartments FOR SALE


Edgewater, CO 80214
$1,870,000 USD
303-905-5888
6915 W 24th Ave, Edgewater, CO for Sale
$1,870,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

6915 W 24th Ave
Edgewater, CO 80214


HIGHLIGHTS

  • Immediate rental upside with no need for significant capital investment. Further valueadd potential through light interior renovations to enhance over
  • No deferred maintenance or CapEx requirements, allowing new ownership to focus on rent stabilization and income growth
  • Substantial exterior and interior upgrades including new roof, exterior walkway, fresh paint, concrete foundation stabilization, doors, windows, HVAC
  • Prime location surrounded by West Highlands, Sloan’s Lake, Wheat Ridge, and Berkeley, strong long-term tenant demand & appreciation potential
  • Close proximity to Edgewater Public Market, Sloan’s Lake Park, and a wide range of retail and dining amenities
  • Can be sold as portfolio w/ 10527 W 6th Pl, Lakewood & 5755 W 37th Ave, Wheat Ridge

OVERVIEW

The Unique Apartment Group is pleased to present the opportunity to acquire 6915 W 24th Ave in Edgewater, Colorado, also known as The Jefferson Apartments. The Jefferson Apartments is a low-rise multifamily asset comprised of approximately eleven (11) units, featuring a blend of nine (9) 1bedroom/1bathroom and two (2) 2bedroom/1bathroom units. The building totals roughly 8,744 SqFt on a 20,606 SqFt (0.47 AC) lot. Current ownership has kept the property in excellent condition through consistent investment in maintenance and significant capital improvements within the last decade. Exterior improvements include a new roof, replacement of the exterior walkway, fresh exterior paint, and concrete foundation stabilization. Interior and system upgrades include HVAC replacement, new doors and windows throughout, LVP flooring in select units, and continued general system maintenance. Located in the heart of Edgewater, Jefferson Apartments benefits from an exceptional location surrounded by abundant community amenities, including Edgewater Public Market, Sloan’s Lake Park, and numerous local restaurants and cafes. Nearby neighborhoods such as Wheat Ridge, West Highlands, Sloan’s Lake, and Berkeley provide additional retail, dining, and entertainment options, while Colfax Avenue and Sheridan Boulevard offer convenient access to downtown Denver and the broader metro area. These features collectively help drive long-term tenant demand and sustained value appreciation. The property is currently operated by a Jefferson County non-profit organization, presenting a compelling opportunity for investors to reposition the asset under a traditional multifamily management model. The upside lies in aligning below-market rents with prevailing rates and improving operational efficiency through expense optimization. With a strong physical foundation already in place, the property offers room for a value-add strategy, giving new ownership the opportunity to modernize units, elevate presentation, and push rent values through thoughtful upgrades.

FOR SALE DETAILS

PRICE

$1,870,000 USD

PRICE/SF

$214 USD /SF

# OF UNITS

11

PRICE/UNIT

$170,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

R-3 Edgewater

APN/PARCEL ID

39-351-14-019

ASK ABOUT THIS PROPERTY

Marc LippittUnique Properties, Inc.More Info
303-905-5888

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

Marc LippittUnique Properties, Inc.More Info
303-905-5888

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