Multifamily
Harlan Apartments
2600 N Harlan St, Wheat Ridge, CO 80214
Listing Price: $10,500,000
Investment Overview
Marcus & Millichap is pleased to present Harlan Apartments, a 52-unit multifamily community located at 2600 Harlan Street in Wheat Ridge, Colorado. Offered by its original developer for the first time since 1972, Harlan represents a rare opportunity to acquire a legacy asset with substantial embedded upside in one of West Denver’s most desirable infill locations.
Harlan Apartments combines a highly differentiated unit mix, significant value-add potential, and accretive seller financing into a compelling investment opportunity. The property features large-format townhome and apartment residences averaging more than 1,020 square feet, creating a housing alternative that is increasingly difficult to replicate in today’s development environment.
With in-place rents materially below market, multiple ancillary income opportunities remaining unexploited, and a fully occupied rent roll, investors can execute a proven value-add strategy through organic lease turnover while maintaining stable cash flow. Complementing the business plan is a proposed seller-financing structure featuring 80% loan-to-value leverage, a fixed 4.00% interest rate, and seven years of interest-only payments, providing investors with below-market debt and enhanced return potential. The combination of a generational ownership history, multiple avenues for NOI growth, and attractive financing creates an opportunity where value is driven by operational execution rather than reliance on market appreciation.
Harlan Apartments
Investment Highlights
- First time on the market in over 50 years, offering a rare opportunity to acquire a legacy multifamily asset.
- 24 townhome-style units averaging 1,292 SF offer a rare and highly desirable housing product.
- Features include central A/C, in-unit laundry hookups, and finished basements throughout.
- Renovated rents remain below new construction and homeownership costs, supporting future growth.
- Prime West Denver location near Sloan's Lake, Edgewater, The Highlands, and Downtown Denver.
Exclusively Listed By
Listing Price: $10,500,000
Investment Highlights
- First time on the market in over 50 years, offering a rare opportunity to acquire a legacy multifamily asset.
- 24 townhome-style units averaging 1,292 SF offer a rare and highly desirable housing product.
- Features include central A/C, in-unit laundry hookups, and finished basements throughout.
- Renovated rents remain below new construction and homeownership costs, supporting future growth.
- Prime West Denver location near Sloan's Lake, Edgewater, The Highlands, and Downtown Denver.
Investment Overview
Marcus & Millichap is pleased to present Harlan Apartments, a 52-unit multifamily community located at 2600 Harlan Street in Wheat Ridge, Colorado. Offered by its original developer for the first time since 1972, Harlan represents a rare opportunity to acquire a legacy asset with substantial embedded upside in one of West Denver’s most desirable infill locations. Harlan Apartments combines a highly differentiated unit mix, significant value-add potential, and accretive seller financing into a compelling investment opportunity. The property features large-format townhome and apartment residences averaging more than 1,020 square feet, creating a housing alternative that is increasingly difficult to replicate in today’s development environment. With in-place rents materially below market, multiple ancillary income opportunities remaining unexploited, and a fully occupied rent roll, investors can execute a proven value-add strategy through organic lease turnover while maintaining stable cash flow. Complementing the business plan is a proposed seller-financing structure featuring 80% loan-to-value leverage, a fixed 4.00% interest rate, and seven years of interest-only payments, providing investors with below-market debt and enhanced return potential. The combination of a generational ownership history, multiple avenues for NOI growth, and attractive financing creates an opportunity where value is driven by operational execution rather than reliance on market appreciation.
Exclusively Listed By
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