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Development -Up to 113 units 1899 Acoma St 68 Unit Apartment Building $3,200,000 ($47,059/Unit) Denver, CO 80223
Investment Highlights
- Most governmental licenses, permits and approvals completed
- Located one block off of Broadway and three blocks from Evans Light Rail Station
- Denver Multifamily Development is in the recovery phase of the market cycle
- Start construction in 2025 and to stabilize in as little as 18 months
- Completed: Architectural drawings, SDP, Specs Manual, Surveys, MEP, Structural, Civil, Environmental and Landscaping plans
Executive Summary
Sperry, Rocky Mountain Commercial is pleased to present SoBo 42.Sale includes Land, Architectural Drawings, All Engineering Documents, Survey, Soils and Specifications Manual. Current plan is a development for 5-stories, 42- unit multifamily site. NEW Architectural plans proposing - 68 units at 5 stories, or 113 Units at 8 stories.
| Located just south of downtown and near the Evans Light rail station and one block off of Broadway and is on a quieter street, yet walking distance to entertainment and dining.
| Most governmental licenses and approvals, allow a buyer the opportunity to start construction in 2026 and to stabilize in as little as 18 months.
| Fully Entitled Site - Exceptional opportunity to acquire Denver land that comes with SDP’s, approvals, permits, and everything needed to start construction immediately.
| Flexible
| Light Rail in Walking Distance – Quick Access to downtown Denver and the entire metroplex means increased potential for investors.
| Significant decrease in time to Stabilization – With all planning and approvals done, as well as soft costs paid, this project will save 18-24 months in a buyers development process.
| Located just south of downtown and near the Evans Light rail station and one block off of Broadway and is on a quieter street, yet walking distance to entertainment and dining.
| Most governmental licenses and approvals, allow a buyer the opportunity to start construction in 2026 and to stabilize in as little as 18 months.
| Fully Entitled Site - Exceptional opportunity to acquire Denver land that comes with SDP’s, approvals, permits, and everything needed to start construction immediately.
| Flexible
| Light Rail in Walking Distance – Quick Access to downtown Denver and the entire metroplex means increased potential for investors.
| Significant decrease in time to Stabilization – With all planning and approvals done, as well as soft costs paid, this project will save 18-24 months in a buyers development process.
Property Facts
| Price | $3,200,000 | Building Class | B |
| Price Per Unit | $47,059 | Lot Size | 0.29 AC |
| Sale Type | Investment | Construction Status | Proposed |
| Sale Condition | Build to Suit | Building Size | 55,438 SF |
| No. Units | 68 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2028 |
| Property Subtype | Apartment | Parking Ratio | 0.69/1,000 SF |
| Apartment Style | Mid-Rise |
| Price | $3,200,000 |
| Price Per Unit | $47,059 |
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Construction Status | Proposed |
| Building Size | 55,438 SF |
| No. Stories | 5 |
| Year Built | 2028 |
| Parking Ratio | 0.69/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 60 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | 5226-16-032 | Improvements Assessment | $318,550 |
| Land Assessment | $318,550 | Total Assessment | $324,220 |
Property Taxes
Parcel Number
5226-16-032
Land Assessment
$318,550
Improvements Assessment
$318,550
Total Assessment
$324,220
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Development -Up to 113 units | 1899 Acoma St
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