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Multifamily

Twin Creek Apartments

7650 - 7660 Washington Street, Denver, CO 80229

Listing Price: $2,800,000

Cap Rate
4.81%
Number of Units
12
Occupancy
96.0%
Price/Unit
$233,333

Investment Overview

Twin Creek Apartment is an extremely well-maintained 12-unit multifamily community located 7650 - 7660 Washington Street in northern Denver with easy access to the surrounding freeways and downtown. Originally built in 1974, the buildings were gutted to the studs and completely rebuilt in 2016. The buildings have all new plumbing, electrical, HVAC, drywall, and windows, among other items. Essentially, both buildings are new construction. Each have a modern fire suppression/monitoring system as wells as a hardwired surveillance system. There are 12 units consisting of 10 two-bedroom/one-bath units, one (1) three-bedroom/two-bath unit, and one (1) one-bedroom/one-bath unit. All units have a large open floor plan equipped with in-unit washer/dryer, modern bathrooms, and kitchens that include granite countertops and stainless steel appliances. No expense was spared and quality materials were used throughout. All units are individually metered for gas and electric and contains its own high efficiency furnace, water heater, and central air conditioning unit. The pitched roofs were replaced in 2016 with all new decking. The parking lot is concrete paved and offers 30 off-street spaces. This beautiful property is professionally landscaped with in-ground irrigation and a large grassy area in the back with a picnic table. Twin Creek runs along the southern boarder of the property. The community sits on an elevated site offering amazing views of downtown Denver and the mountains along the Front Range. Its location offers convenient access to multiple freeway systems giving residents easy access to downtown Denver, Boulder, and Denver International Airport. It is close to many major employers, is a short walk to multiple restaurants, and a bus stop is right outside the front door.

Investment Highlights

  • Completely Reconstructed in 2016 with High-End Finishes
  • Mainly Large Two-Bedroom Units with Washer/Dryer in All Units
  • New Electrical, New Plumbing, and New HVAC with Central Air Conditioning
  • Modern Bathrooms and Kitchens; Granite Countertops and Stainless Steel Appliances
  • Professionally Landscaped with Irrigation; 30 Off-Street Parking Spaces
  • Fire Suppression System and Video Surveillance
  • Convenient North Denver Location; Easy Access to Freeways
  • Close to Restaurants, Employment, and Public Transportation

Exclusively Listed By

Listing Price: $2,800,000

Cap Rate
4.81%
Number of Units
12
Occupancy
96.0%
Price/Unit
$233,333

Investment Highlights

  • Completely Reconstructed in 2016 with High-End Finishes
  • Mainly Large Two-Bedroom Units with Washer/Dryer in All Units
  • New Electrical, New Plumbing, and New HVAC with Central Air Conditioning
  • Modern Bathrooms and Kitchens; Granite Countertops and Stainless Steel Appliances
  • Professionally Landscaped with Irrigation; 30 Off-Street Parking Spaces
  • Fire Suppression System and Video Surveillance
  • Convenient North Denver Location; Easy Access to Freeways
  • Close to Restaurants, Employment, and Public Transportation

Investment Overview

Twin Creek Apartment is an extremely well-maintained 12-unit multifamily community located 7650 - 7660 Washington Street in northern Denver with easy access to the surrounding freeways and downtown. Originally built in 1974, the buildings were gutted to the studs and completely rebuilt in 2016. The buildings have all new plumbing, electrical, HVAC, drywall, and windows, among other items. Essentially, both buildings are new construction. Each have a modern fire suppression/monitoring system as wells as a hardwired surveillance system. There are 12 units consisting of 10 two-bedroom/one-bath units, one (1) three-bedroom/two-bath unit, and one (1) one-bedroom/one-bath unit. All units have a large open floor plan equipped with in-unit washer/dryer, modern bathrooms, and kitchens that include granite countertops and stainless steel appliances. No expense was spared and quality materials were used throughout. All units are individually metered for gas and electric and contains its own high efficiency furnace, water heater, and central air conditioning unit. The pitched roofs were replaced in 2016 with all new decking. The parking lot is concrete paved and offers 30 off-street spaces. This beautiful property is professionally landscaped with in-ground irrigation and a large grassy area in the back with a picnic table. Twin Creek runs along the southern boarder of the property. The community sits on an elevated site offering amazing views of downtown Denver and the mountains along the Front Range. Its location offers convenient access to multiple freeway systems giving residents easy access to downtown Denver, Boulder, and Denver International Airport. It is close to many major employers, is a short walk to multiple restaurants, and a bus stop is right outside the front door.

Exclusively Listed By

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