3002 W Colorado Avenue

Discover a prime investment opportunity with this 14-unit apartment building, conveniently located in the vibrant Mar Lee neighborhood of Denver. 3002 W Colorado Ave is a well-maintained property featuring a brick exterior and consisting of SIX two-bedroom, one-bathroom units, and EIGHT one-bedroom, one-bathroom units. Each unit boasts similar amenities, natural light and efficient floor plans, and all are comparable in finishes. There is a dedicated, uncovered parking space per unit (totaling 14). Recent improvements to the building include a two-year old boiler unit and newer catwalks and metal stairs, in addition to the new trash dumpster surround, insulation work, and new windows in one unit. Tenants share an on-site, coin-laundry room with two washers and two dryers, and also have the option to utilize indoor bike storage with provided bike racks. Currently, tenants pay for their own electric service to Xcel Energy; Owner bills back to tenants for natural gas (per sq. ft.) and water (per capita usage.) This property has consistently high occupancy with decades of stable ownership and management. There is potential for rent increases and value-add improvements. Don't miss out on this rare, income-producing Denver investment. Contact us today for more details and to schedule a viewing.