Description
The Arkansas Portfolio boasts seven units located in the heart of Denver and just steps away from popular retail on South Broadway. 4 & 18-20 W Arkansas Ave offer a unique unit mix, leaving multiple choices for potential renters. The property's location presents excellent walk and bike scores and is conveniently located within 15 minutes of Downtown Denver, Cherry Creek, and DTC.
All seven units have seen recent renovations, some with high-end cosmetic finishes, leaving investors an attractive blend of stability and value-add potential. There's also the option to re-deed each unit separately, thereby enabling their individual sale. The triplex and quadplex can be purchased separately or together.
HIGHLIGHTS
- Can be purchased with 18-20 W Arkansas or separately
- In-unit washer/dryer, vaulted ceilings, spacious closets, open & unique floor plans, diverse unique mix
- Recent renovations include new luxury flooring, windows, contemporary lighting, and other high-end finishes
- Current leases are 5-20% below market comparables
- Option to re-deed separately, enabling individual sale of units
- Centrally located in the heart of Denver and walkable to popular restaurants, bars, shops, and retail
HOA
- Has HOA: Yes
- HOA fee: $239 monthly
- Services included: Reserve Fund, Maintenance Grounds, Maintenance Structure, Roof Insurance, Recycling, Trash, Water, Sewer, Snow Removal
- Association Name: S Broadway HOA
