For Sale Commercial MLS# 6741038

7310 W 10th Avenue

Lakewood, CO 80214

$2,425,000

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About 7310 W 10th Avenue

Located in the highly desirable Denver west-suburban market of Lakewood, Club Apartments is a 17-unit multifamily community offering investors a well-maintained asset with immediate operational upside and long-term appreciation potential. The property consists of a mix of studio, one-bedroom, and two-bedroom apartments totaling approximately 11,602 rentable square feet on a 0.52-acre site. The offering presents an opportunity to acquire a stabilized workforce housing asset in a supply-constrained submarket with strong renter demand, convenient access to downtown Denver, major employment centers, public transportation, and the growing amenities of the West Colfax corridor. Current ownership has maintained strong occupancy while demonstrating the ability to achieve rental premiums through unit upgrades and improved operations. Club Apartments represents an attractive basis acquisition relative to many competing multifamily opportunities currently available throughout the Denver metro area. Following a period of elevated apartment deliveries across the region, new supply is expected to moderate significantly in the coming years as construction starts have slowed. As excess inventory is absorbed and market fundamentals continue to improve, ownership is well positioned to benefit from future rent growth and increasing cash flow. Investors have the opportunity to acquire a quality asset today while capitalizing on favorable long-term market dynamics within one of Denver’s most established and desirable rental submarkets.

Property details

Property

Type
Multi Family
MLS type
Commercial Sale
Status
Active
Year built
1960
Lot
0.67 AC / 29,011 SF
MLS #
6741038

Utilities

Water
Public
Sewer
Public Sewer

Financial

Annual tax
$19,164
Parcel
051096
Special conditions
None Known

Location

County
Jefferson

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Listed by Jim Knowlton, Pinnacle Real Estate Advisors

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