Investment Overview

The Car Lee Apartments is a 10-unit multifamily community that has been very well maintained by the same family for over three decades. The property is located at the southwest corner of Montview Boulevard and Fulton Street with easy access to Fitzsimons Medical Campus, Stanley Marketplace, and Denver International Airport. Built in 1959, this three-story all-brick building has 10 large, corner one-bedroom / one-bath units ranging from 582 SF to 702 SF. Each unit offers wall-to-wall carpet, wall air-conditioning units, ceiling fans, and multiple storage closets. For resident security, there is a modern high-tech secured entry system and video surveillance for owner piece of mind. The units have baseboard radiant heat provided by a central boiler (2021 replacement) and hot water is provided by a single 175-gallon side-arm water tank that was replaced in 2026. Located in the large 1500 SF basement are additional storage units for each unit/owner, a large on-site laundry facility (currently free to residents), an oversized mechanical room, and a spacious office/storage room that is available to be repurposed. Gas, water, sewer, and trash are currently paid by the owner and included in the rent. Electricity is individually metered for each unit and paid directly by the residents. There are 10 off-street parking spaces located at the rear of the property. The building has a new pitched roof that was replaced in September 2025 with a high-quality Class 4 shingle. The exterior is well-landscaped with an in-ground sprinkler system, providing a low maintenance approach to the well-manicured trees and grass.