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Both properties are extremely well-maintained and located in an opportunity zone on a quiet residential street just two blocks from the Wadsworth RTD Light Rail Station.
12th Avenue Apartments:
8 Units
The 12th Avenue apartments offer a rare mix of eight two-bedroom units. Residents enjoy private garages and in-unit washer and dryer hook ups. The property is currently operating as a 55+ community, but all current leases are month-to-month and do not include and written age restriction. This investment opportunity offers the ability to increase NOI by $36,000 in year one and is a strong candidate for condo conversion.
Vance Street Apartments:
7 Units
The Vance Street Apartments offer a single one-bedroom unit, five two-bedroom units, and one three-bedroom house. Amenities include an income-producing laundry and on-site storage. Investors have the ability to add one garden level unit and to increase NOI by $43,000 in year one.