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.