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Stone Garden on Birch 1150 S Birch St 74 Unit Apartment Building For Sale Denver, CO 80246
Investment Highlights
- Significant Rent Growth Capacity Supported by Area Incomes
- Favorable Market Timing Ahead of Projected 2027 Rent Recovery
- Affluent and Highly Educated Demographic
- Recent Structural Capital Investment in Property Balconies
- Insulated From New Competition at a Discount to New Construction
- Premier Central Location Between Cherry Creek and Denver’s Top Employment Hubs
Executive Summary
Marcus & Millichap is pleased to present Stone Garden on Birch, a three-building, 74-unit multifamily asset located off South Colorado Blvd in highly desirable Glendale. Stone Garden on Birch is less than half a mile from Colorado Blvd, offering excellent proximity to both the Colorado Blvd Business Corridor and the sought-after Cherry Creek neighborhood. Delivered in 1977, this multifamily community showcases elevated, yet classic apartment living enhanced by unparalleled proximity to some of Denver’s most popular area amenities. Positioned between the city’s top employment hubs and adjacent to some of the most affluent neighborhoods in all of Denver, Stone Garden on Birch caters to young, affluent residents in search of the ultimate balance of proximity to employment and access to an alluring restaurant and nightlife landscape in Cherry Creek.
Situated proximate to the intersection of Colorado Blvd and Mississippi Ave, Stone Garden on Birch offers both a peaceful neighborhood setting and excellent accessibility to all that Glendale has to offer. Located off Colorado Blvd between the Colorado Blvd Business Corridor and the 9th & Colorado redevelopment, residents enjoy proximity to some of Denver’s top employment hubs and connectivity to greater Metro Denver, including the Denver Tech Center and Downtown, via Interstate-25. Stone Garden on Birch is nearly adjacent to Infinity Park and about half a mile from access to the Cherry Creek Trail and Garland Park. Additionally, with Cherry Creek Shopping Center and entertainment district being less than two miles away, residents will enjoy proximity to the myriad of restaurants, bars, shops, and boutiques in Cherry Creek.
Stone Garden on Birch’s favored combination of classic, yet elevated apartment living paired with its unparalleled proximity to popular area amenities and impeccable location will continue to attract young, affluent renters pursuing the ultimate balance of proximity to employment hubs and the alluring Cherry Creek neighborhood. Offering a best-in-class live-work-play environment, easy access to both Downtown and the Denver Tech Center, and proximity to some of the metro areas top employment centers, Stone Garden on Birch offers immediate scale and a wide-ranging value-add opportunity. Supported by impressive market fundamentals, Stone Garden on Birch represents a unique acquisition opportunity in one of Denver’s most desirable locations.
Situated proximate to the intersection of Colorado Blvd and Mississippi Ave, Stone Garden on Birch offers both a peaceful neighborhood setting and excellent accessibility to all that Glendale has to offer. Located off Colorado Blvd between the Colorado Blvd Business Corridor and the 9th & Colorado redevelopment, residents enjoy proximity to some of Denver’s top employment hubs and connectivity to greater Metro Denver, including the Denver Tech Center and Downtown, via Interstate-25. Stone Garden on Birch is nearly adjacent to Infinity Park and about half a mile from access to the Cherry Creek Trail and Garland Park. Additionally, with Cherry Creek Shopping Center and entertainment district being less than two miles away, residents will enjoy proximity to the myriad of restaurants, bars, shops, and boutiques in Cherry Creek.
Stone Garden on Birch’s favored combination of classic, yet elevated apartment living paired with its unparalleled proximity to popular area amenities and impeccable location will continue to attract young, affluent renters pursuing the ultimate balance of proximity to employment hubs and the alluring Cherry Creek neighborhood. Offering a best-in-class live-work-play environment, easy access to both Downtown and the Denver Tech Center, and proximity to some of the metro areas top employment centers, Stone Garden on Birch offers immediate scale and a wide-ranging value-add opportunity. Supported by impressive market fundamentals, Stone Garden on Birch represents a unique acquisition opportunity in one of Denver’s most desirable locations.
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Property Facts
| Sale Type | Investment | Lot Size | 2.47 AC |
| No. Units | 74 | Building Size | 86,484 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1977 |
| Apartment Style | Low-Rise | Parking Ratio | 1.57/1,000 SF |
| Building Class | C | ||
| Zoning | R2A, Denver | ||
| Sale Type | Investment |
| No. Units | 74 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.47 AC |
| Building Size | 86,484 SF |
| No. Stories | 3 |
| Year Built | 1977 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | R2A, Denver |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Oven
- Range
- Wi-Fi
Site Amenities
- Courtyard
- Fitness Center
- Laundry Facilities
- Pool
- Gated
- Gameroom
- Grill
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | 750 |
| 2+1 | 33 | - | 1,015 - 1,500 |
| 3+2 | 1 | - | 1,500 |
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Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 6192-04-033 | Improvements Assessment | $163,090 |
| Land Assessment | $163,090 | Total Assessment | $820,640 |
Property Taxes
Parcel Number
6192-04-033
Land Assessment
$163,090
Improvements Assessment
$163,090
Total Assessment
$820,640
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