2751 W 28th Avenue is a 10-unit apartment building in Denver’s trendy Jefferson Park neighborhood.

Built in 1956, the subject property offers nine studio floorplans and one one-bedroom/one-bathroom unit. Residents enjoy easy access to downtown Denver as well as community amenities including free off-street parking, on-site laundry, and individual storage units.

This is a rare opportunity in the heart of one of Denver’s most desirable neighborhoods, providing a Buyer with multiple avenues including value-add improvements and redevelopment. In a value-add scenario, the asset will be purchased as an apartment complex and completely renovated, bringing the average rent to $1,405 plus an additional monthly charge of $75 for water, sewer, trash, gas, and parking.

This property is also valuable as a redevelopment opportunity. The property’s current zoning is C-MX-5 and allows five story structures and mixed-use components. Unlike raw land, where no income is provided during the early stages of permitting and design, this opportunity provides positive cash flow and a secure asset in the interim.