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


OVERVIEW

- Sperry, Rocky Mountain Commercial is pleased to present SoBo 42. A fully entitled and planned, 5-story 42- unit multifamily site located just south of downtown and near the Evans Light rail station. - This distinctive development has all necessary governmental licenses and approvals, allowing a buyer the opportunity to start construction in 2024 and to stabilize in as little as 18 months. The site is one block off of Broadway and is on a quieter street, yet walking distance to entertainment and dining. - 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. - 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

38

PRICE/UNIT

$84,211

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Entitled Development - SoBo 42 Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2026

PARKING SPACES

47

LAND DETAILS

LAND ACRES

-

LAND 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.