Multifamily
Reed Street Apartments
1679 Reed St, Lakewood, CO 80214
Listing Price: $1,695,000
Investment Overview
The Reed is a well-maintained, professionally managed multifamily asset featuring modernized unit interiors, upgraded exteriors, and attractive on-site amenities including ample parking, shared courtyard, pergola, grilling station, and shared laundry. Recent renovations have improved curb appeal and tenant
experience while preserving upside through remaining classic units, offering potential for future rent growth and operational efficiencies. The property’s desirable unit mix of 1BR, 2BR, and 3BR layouts supports broad renter demand and stable occupancy. With immediate income in place and value-add potential through continued unit upgrades and lease optimization, The Reed presents a
strong opportunity for long-term growth in a high-demand rental market.
Reed Street Apartments
Investment Highlights
- Current ownership has completed numerous capital projects, including electrical upgrades, boiler replacement, new windows, exterior painting with a modern design, and repairs to second-floor decks.
- The property is well-positioned to benefit from the growing trend of long-term renting, particularly in a market challenged by elevated concessions and increased vacancy in newer product.
- Situated in one of metro Denver's most desirable suburban markets, The Reed is positioned to benefit from Lakewood's high occupancy rates, limited new construction, and consistent rent growth.
Exclusively Listed By
Listing Price: $1,695,000
Investment Highlights
- Current ownership has completed numerous capital projects, including electrical upgrades, boiler replacement, new windows, exterior painting with a modern design, and repairs to second-floor decks.
- The property is well-positioned to benefit from the growing trend of long-term renting, particularly in a market challenged by elevated concessions and increased vacancy in newer product.
- Situated in one of metro Denver's most desirable suburban markets, The Reed is positioned to benefit from Lakewood's high occupancy rates, limited new construction, and consistent rent growth.
Investment Overview
The Reed is a well-maintained, professionally managed multifamily asset featuring modernized unit interiors, upgraded exteriors, and attractive on-site amenities including ample parking, shared courtyard, pergola, grilling station, and shared laundry. Recent renovations have improved curb appeal and tenant experience while preserving upside through remaining classic units, offering potential for future rent growth and operational efficiencies. The property’s desirable unit mix of 1BR, 2BR, and 3BR layouts supports broad renter demand and stable occupancy. With immediate income in place and value-add potential through continued unit upgrades and lease optimization, The Reed presents a strong opportunity for long-term growth in a high-demand rental market.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
