3425 W Colfax Ave - Apartments FOR SALE


Denver, CO 80204- West Colfax
$8,900,000 USD
303-257-7627
3425 W Colfax Ave, Denver, CO for Sale
$8,900,000 USD
Apartments - FOR SALE
1/1
null | 4.83% Cap Rate

3425 W Colfax Ave
Denver, CO 80204
West Colfax


HIGHLIGHTS

  • QOZ Tax Benefits
  • Prime Location in Sloan’s Lake with Excellent Access to Downtown Denver
  • Diverse Floor Plans & Higher Rental Income Potential
  • Luxury Living Combined with Modern Comforts
  • Investment Stability, Appreciation, & High Demand for Quality Housing
  • Denver Homeownership Decline & Impending Rent Growth

OVERVIEW

The Quimby Apartments offers an exceptional opportunity for investors seeking a QOZ asset in the Denver rental market. Located in the thriving Sloan’s Lake submarket, the property attracts a diverse tenant base with convenient access to transit, proximity to downtown Denver, and vibrant local amenities. The Quimby is a newly constructed, 30-unit community offering modern, upscale living with a variety of high-end amenities, efficient layouts, mountain views, and modern comforts. With a diverse array of floor plans, this property caters to a tenant base seeking luxury housing in a great location near all the CBD has to offer. Positioned in a prime location near shops, restaurants, and the W Line commuter rail, The Quimby is poised to attract strong rental demand, driven by Denver’s declining homeownership rates and escalating rental growth.

FOR SALE DETAILS

PRICE

$8,900,000 USD

PRICE/SF

$556 USD /SF

# OF UNITS

30

PRICE/UNIT

$296,667

CAP RATE

4.83%

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Quimby

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

-

APN/PARCEL ID

2323-32-111

ASK ABOUT THIS PROPERTY

Adam RiddleMMGMore Info
303-257-7627

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Adam RiddleMMGMore Info
303-257-7627

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