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1025 Julian St
Denver, CO 80204
Julian Row Townhomes · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Eight (8) Individually Deeded Townhomes: Fee-simple structure providing exit flexibility.
- Oversized Floorplans — ±1,962 SF: Supports hybrid work and longer tenancy.
- 4-Minute Walk to Knox RTD Station: 10-minute light rail to Union Station.
- Assumable 3.60% Fixed Agency Debt (Through 2030): Below-market interest rate preserves yield.
- Two-Car Garages, Private Yards, Premium Finishes: Differentiated amenities for this submarket.
- Delivered 2020 | Zero Vacancy Since Lease-Up: Demonstrates durable tenant demand.
EXECUTIVE SUMMARY
Julian Row Townhomes is an eight-unit, individually deeded rental townhome property located near the Lakewood Gulch Trail, Sloan’s Lake and within walking distance of the Knox RTD Station. The property was delivered in 2020 and is approximately five (5) minutes from Union Station via RTD.
Units are two- and three-bedroom layouts averaging approximately 1,962 square feet. Each unit includes a private yard and an attached two-car garage. The property has maintained 100% occupancy since delivery.
The loan is Freddie Mac agency debt fixed at 3.60%, fully amortizing with a maturity date of November 2030. The loan is assumable.
In-place rents reflect approximately 6.5% loss-to-lease. Comparable new-construction three-bedroom product in the immediate area averages approximately $2.40 per square foot in rent versus approximately $1.50 per square foot at Julian Row. Two-bedroom comparables show a similar spread. Comparable properties do not offer private yards or attached two-car garages.
Estimated all-in replacement cost in this Denver submarket is approximately $400-$425 per square foot. Nearby individually deeded townhomes are trading around $715,000 per townhome (see page 18 of OM), or approximately $410 per square foot, without comparable garage configurations.
Units are two- and three-bedroom layouts averaging approximately 1,962 square feet. Each unit includes a private yard and an attached two-car garage. The property has maintained 100% occupancy since delivery.
The loan is Freddie Mac agency debt fixed at 3.60%, fully amortizing with a maturity date of November 2030. The loan is assumable.
In-place rents reflect approximately 6.5% loss-to-lease. Comparable new-construction three-bedroom product in the immediate area averages approximately $2.40 per square foot in rent versus approximately $1.50 per square foot at Julian Row. Two-bedroom comparables show a similar spread. Comparable properties do not offer private yards or attached two-car garages.
Estimated all-in replacement cost in this Denver submarket is approximately $400-$425 per square foot. Nearby individually deeded townhomes are trading around $715,000 per townhome (see page 18 of OM), or approximately $410 per square foot, without comparable garage configurations.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.43 AC |
| No. Units | 8 | Building Size | 15,698 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 2020 |
| Building Class | C | ||
| Zoning | E-RH | ||
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 15,698 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2020 |
| Zoning | E-RH |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
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