Investment Overview

Marcus & Millichap is pleased to present Williamsberg Community Apartments, a 56-unit multifamily community located in Southwest Denver at 3120 W Iliff Avenue. Originally built in 1983, this low-maintenance exterior walk-up asset consists of 43 one-bedroom units and 13 two-bedroom units, which average 620 and 750 square feet, respectively. The property includes 28 income-producing carports and benefits from a strategic location in an up-and-coming pocket of Southwest Denver, surrounded by residential neighborhoods with limited multifamily competition. Williamsburg Community Apartments offers investors strong in-place cash flow and rent growth potential in a submarket poised for continued revitalization. The property is situated in close proximity to key local thoroughfares such as Federal Boulevard and US-285, allowing residents easy access to downtown Denver, the Denver Tech Center, and surrounding employment corridors. With few competing apartment communities in the immediate vicinity, the property benefits from consistent demand and occupancy. The surrounding neighborhood is adjacent to some of the most affluent areas in Denver, including Harvey Park and Bear Valley, where the average single-family home price continues to rise. This dynamic, combined with the growing barriers to homeownership, positions Williamsburg as a desirable and attainable housing option for renters seeking quality accommodations in a maturing neighborhood. With its compelling unit mix, stable operational performance, and strong market fundamentals, Williamsberg Community Apartments presents an outstanding opportunity to acquire a cash-flowing asset in a well-located and evolving submarket of the Denver Metro area.