The Crescent Apartments at 7710 W 35th Ave. consist of 10 units built in 1974 and largely renovated in 2021. The unit mix is composed of (6) 1 bedrooms and (4) 2 bedrooms. The majority of units feature premium layouts with high end finishes, granite countertops, walk in closets, skylights, and patios/balconies. There have been extensive recent improvements including 7 units renovated 2021, new roof 2017, new windows 2017, updated electrical panels, new exterior paint 2020, new signage 2020, landscaping improvements 2022, updated parking lot 2022, and updated laundry room 2022.
The property sits in a high growth pocket near Wadsworth Improvement Project, 38th Corridor Development Plan, and Green at 38th. The units are separately metered for electric and tenants pay direct. There is community laundry on site as well as an attractive 2:1 off street parking ratio. For the right investor, this is a great opportunity to buy a clean deal in a strong location that will continue to improve over time.