Multifamily
Westminster Station Apartments
3551 W 71st Pl, Westminster, CO 80030
Listing Price: $1,800,000
Investment Overview
Marcus and Millichap is pleased to present a rare investment opportunity located at the corner of 38th and Perry St. This development is shovel ready for 26 Studios, (1) 1 Bed, (1) 2 Bed, and (1) Commercial Space. The property is situated in one of Denver's hottest zip codes near the Tennyson Shopping District. Denver's population growth has historically outpaced the national average leading to the persistent demand for affordable housing. Apartment starts in Denver has fallen to the lowest level in four years, which is expected to translate to a decrease in Denver's elevated vacancy rate leading to strong rent growth in years to come.
Westminster Station Apartments
Investment Highlights
- Denver Continues to Outperform National Averages Denver vs. US Household Income
- Denver Continues to Outperform National Averages Denver vs. National Population Growth
- Fundamentals in Northeast Adams County Submarket are some of the strongest out of all 16 submarkets in metro Denver.
- Proximity to Public Transit
- Proximity to Major Thoroughfares & Drive Times
- The Path of Development
Exclusively Listed By
Financing By
Listing Price: $1,800,000
Investment Highlights
- Denver Continues to Outperform National Averages Denver vs. US Household Income
- Denver Continues to Outperform National Averages Denver vs. National Population Growth
- Fundamentals in Northeast Adams County Submarket are some of the strongest out of all 16 submarkets in metro Denver.
- Proximity to Public Transit
- Proximity to Major Thoroughfares & Drive Times
- The Path of Development
Investment Overview
Marcus and Millichap is pleased to present a rare investment opportunity located at the corner of 38th and Perry St. This development is shovel ready for 26 Studios, (1) 1 Bed, (1) 2 Bed, and (1) Commercial Space. The property is situated in one of Denver's hottest zip codes near the Tennyson Shopping District. Denver's population growth has historically outpaced the national average leading to the persistent demand for affordable housing. Apartment starts in Denver has fallen to the lowest level in four years, which is expected to translate to a decrease in Denver's elevated vacancy rate leading to strong rent growth in years to come.
Exclusively Listed By
Financing By
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