541-729-9667
4390 Tennyson St, Denver, CO for Sale
Apartments - FOR SALE
1/17
null | Request Cap Rate

4390 Tennyson St
Denver, CO 80212
Berkeley


HIGHLIGHTS

  • Irreplaceable Location
  • Affluent, Educated Demographics
  • Proximity to Employment Hubs
  • Limited Competition
  • Strategic Upside
  • Barriers to Homeownership

OVERVIEW

Completed in 2018, Tennyson44 reflects one of the first multifamily properties completed on Tennyson Street. With 47 units comprised of studios, one, and two-bedroom units, the property offers a variety of options for discerning renters looking to live on the Tennyson Street retail corridor. With limited competition, this property stands out as a compelling choice for those seeking quality and convenience. Situated in the heart of the Berkeley neighborhood, Tennyson44 offers easy access to top retail and entertainment destinations, placing residents at the center of the action. This attracts educated and affluent residents, leading to impressive demographics. The desirable location has driven home values within a mile to 22.9% above the Denver Metro average. With interest in the area gaining initial momentum in 2010 the rapid ascent of the neighborhood continues at an unprecedented pace. Tennyson44 presents new ownership with the opportunity to enhance returns by implementing a light refresh of the property and improving its position in the competitive landscape. Light upgrades to the unit interiors and optimizing operations of the asset could increase the average rental rates by $290, representing a 15.2% increase. With a slowdown in new construction, these enhancements would boost cash flows and establish Tennyson44 as a standout on Tennyson Street for years to come. Tennyson44 offers an investor the opportunity to assume in-place, accretive financing.

FOR SALE DETAILS

PRICE

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# OF UNITS

47

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tennyson 44

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2018

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

2194-04-021

ASK ABOUT THIS PROPERTY

Robert BratleyBerkadia Real Estate AdvisorsMore Info
541-729-9667

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Robert BratleyBerkadia Real Estate AdvisorsMore Info
541-729-9667

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