1899 Acoma St - Apartments FOR SALE


Denver, CO 80223- Overland
$3,200,000 USD
720-330-4333
1899 Acoma St, Denver, CO for Sale
$3,200,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

1899 Acoma St
Denver, CO 80223
Overland


HIGHLIGHTS

  • Most governmental licenses, permits and approvals completed
  • Start construction in 2025 and to stabilize in as little as 18 months
  • Located one block off of Broadway and three blocks from Evans Light Rail Station
  • Completed: Architectural drawings, SDP, Specs Manual, Surveys, MEP, Structural, Civil, Environmental and Landscaping plans
  • Denver Multifamily Development is in the recovery phase of the market cycle

OVERVIEW

Sperry, Rocky Mountain Commercial is pleased to present SoBo 42. A fully entitled and planned development for 5-stories, 42- unit multifamily site, with new Architectural plans proposing - 68 units at 5 stories, or 113 Units at 8 stories. | Located just south of downtown and near the Evans Light rail station and one block off of Broadway and is on a quieter street, yet walking distance to entertainment and dining. | Most governmental licenses and approvals, allow a buyer the opportunity to start construction in 2025 and to stabilize in as little as 18 months. | Fully Entitled Site - Exceptional opportunity to acquire Denver land that comes with SDP’s, approvals, permits, and everything needed to start construction immediately. | 100% Market Rate Units - This project is grandfathered in from the Denver Affordable housing ordinances with the current permits to build 42 units. Adding additional units as proposed would require affordable units. | Light Rail in Walking Distance – Quick Access to downtown Denver and the entire metroplex means increased potential for investors. | Significant decrease in time to Stabilization – With all planning and approvals done, as well as soft costs paid, this project will save 18-24 months in a buyers development process.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$58 USD /SF

# OF UNITS

68

PRICE/UNIT

$47,059

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Development -Up to 113 units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2026

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,415 SF

ZONING

-

APN/PARCEL ID

5226-16-032

ASK ABOUT THIS PROPERTY

Cheryle PowellSPERRY - Rocky MountainMore Info
720-330-4333

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Cheryle PowellSPERRY - Rocky MountainMore Info
720-330-4333

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