Investment and Property Highlights
The units were acquired as part of a two-property portfolio built in 1981. Lakewood is located 8 miles East of downtown Denver. The Denver MSA has had average annual population growth of 1.7% for the last ten years. The portfolio will provide investors with cash returns from the onset, while also providing an opportunity for enhanced long-term returns through a strategic value-add program.
The property is well maintained and offers 1-3 bedroom apartments spread across 14 buildings and 16.5 acres. It has a modern feel with asking rents significantly below new product. In-unit features include an appliance package, air-conditioning, walk-in closets, internet access, double-paned windows, vaulted ceilings, and a fireplace.
24 Hour Fitness Center
Heated Outdoor Swimming Pool
Newly Renovated Clubhouse
On-site Laundry Facility
Business and Media Center