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Signalmen Apartments 1259 Newton St 52 Unit Apartment Building For Sale Denver, CO 80204
Investment Highlights
- Recently Delivered Class A Asset Offered at a Discount to Replacement Cost
- Contracting Supply Pipeline Sets the Stage for Rent Recovery and Long-Term Appreciation
- Young, Educated Renter Base with Strong Income Fundamentals
- Court-Appointed Receivership Sale
- Vibrant Address with Direct Access to Sloan’s Lake and Downtown Denver
Executive Summary
Deal Room: https://platform.altrio.com/exchange/kenai-capital-advisors/signalmen-apartments
Kenai Capital Advisors (“Kenai”), as exclusive advisor to the seller, is pleased to present the opportunity to acquire the fee simple interest in Signalmen Apartments, located at 1259 Newton St, Denver, Colorado 80204 (“Property”), a 52-unit, 34,070 SF Class A multifamily community situated in Denver’s highly sought-after Sloan’s Lake / West Colfax neighborhood.
The Property represents a rare chance for investors to acquire a newly constructed, institutional-quality multifamily asset at a compelling basis below replacement cost.
Completed in 2023, Signalmen Apartments features contemporary studio, one-bedroom, and two-bedroom floor plans, with premium finishes including stainless steel appliances, in-unit washers and dryers, select units with private balconies and patios, and individual heating and cooling systems. Building amenities include a fitness center, bike storage, package receiving room, available private storage units, and covered parking.
With direct connectivity to I-70, I-25, and Denver’s RTD light rail network (the nearest RTD station is just 500 yards away), the property’s location gives its residents convenient
access to downtown Denver and the surrounding metro. The nearby RTD Knox light rail stop for the W line provides direct access to Denver’s Ball Arena – home to the
Denver Nuggets (NBA), Colorado Avalanche (NHL), Colorado Mammoth (NLL), and a major concert venue, Burnham Yards (future Denver Broncos stadium), and downtown
Denver’s Union Station. The Property benefits from a strong resident base drawn to the neighborhood’s vibrant mix of retail, restaurants, entertainment, and recreational
amenities anchored by Sloan’s Lake Park.
Signalmen Apartments delivers an attractive value for investors seeking a newly constructed class-A multifamily property in one of Denver’s most active and growing
corridors.
Kenai Capital Advisors (“Kenai”), as exclusive advisor to the seller, is pleased to present the opportunity to acquire the fee simple interest in Signalmen Apartments, located at 1259 Newton St, Denver, Colorado 80204 (“Property”), a 52-unit, 34,070 SF Class A multifamily community situated in Denver’s highly sought-after Sloan’s Lake / West Colfax neighborhood.
The Property represents a rare chance for investors to acquire a newly constructed, institutional-quality multifamily asset at a compelling basis below replacement cost.
Completed in 2023, Signalmen Apartments features contemporary studio, one-bedroom, and two-bedroom floor plans, with premium finishes including stainless steel appliances, in-unit washers and dryers, select units with private balconies and patios, and individual heating and cooling systems. Building amenities include a fitness center, bike storage, package receiving room, available private storage units, and covered parking.
With direct connectivity to I-70, I-25, and Denver’s RTD light rail network (the nearest RTD station is just 500 yards away), the property’s location gives its residents convenient
access to downtown Denver and the surrounding metro. The nearby RTD Knox light rail stop for the W line provides direct access to Denver’s Ball Arena – home to the
Denver Nuggets (NBA), Colorado Avalanche (NHL), Colorado Mammoth (NLL), and a major concert venue, Burnham Yards (future Denver Broncos stadium), and downtown
Denver’s Union Station. The Property benefits from a strong resident base drawn to the neighborhood’s vibrant mix of retail, restaurants, entertainment, and recreational
amenities anchored by Sloan’s Lake Park.
Signalmen Apartments delivers an attractive value for investors seeking a newly constructed class-A multifamily property in one of Denver’s most active and growing
corridors.
Property Facts
| Sale Type | Investment | Building Class | B |
| Sale Condition | Distress Sale | Lot Size | 0.14 AC |
| No. Units | 52 | Building Size | 34,070 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2023 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | G-MU-3 | ||
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 34,070 SF |
| No. Stories | 4 |
| Year Built | 2023 |
| Opportunity Zone |
Yes |
| Zoning | G-MU-3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Views
- Pantry
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Pool
- Smoke Free
- Wi-Fi
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 399 - 403 |
| 1+1 | 32 | - | 447 - 466 |
| 2+1 | 12 | - | 783 - 799 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 5061-19-081 | Improvements Assessment | $150,370 |
| Land Assessment | $150,370 | Total Assessment | $930,060 |
Property Taxes
Parcel Number
5061-19-081
Land Assessment
$150,370
Improvements Assessment
$150,370
Total Assessment
$930,060
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Signalmen Apartments | 1259 Newton St
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