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2600 Harlan st
Wheat Ridge, CO 80214
Harlan Apartments · Multifamily Property For Sale
·
52 Units
Investment Highlights
- Generational Acquisition Opportunity – First Time Offered in Over 50 Years
- Rare Large-Format Townhome Community with Irreplaceable Floor Plans
- Multiple Value-Creation Levers with Up to $830,000 of Immediate Upside
- Accretive 4.00% Seller Financing at 80% Loan-to-Value
- Premier Value-Add: Deep Renovation Premiums Across Every Unit Type
Executive Summary
Marcus & Millichap is pleased to present Harlan Apartments, a 52-unit multifamily community located at 2600 Harlan Street in Wheat Ridge, Colorado. Offered by its original developer for the first time since 1972, Harlan represents a rare opportunity to acquire a legacy asset with substantial embedded upside in one of West Denver’s most desirable infill locations.
Harlan Apartments combines a highly differentiated unit mix, significant value-add potential, and accretive seller financing into a compelling investment opportunity. The property features large-format townhome and apartment residences averaging more than 1,020 square feet, creating a housing alternative that is increasingly difficult to replicate in today’s development environment.
With in-place rents materially below market, multiple ancillary income opportunities remaining unexploited, and a fully occupied rent roll, investors can execute a proven value-add strategy through organic lease turnover while maintaining stable cash flow. Complementing the business plan is a proposed seller-financing structure featuring 80% loan-to-value leverage, a fixed 4.00% interest rate, and seven years of interest-only payments, providing investors with below-market debt and enhanced return potential. The combination of a generational ownership history, multiple avenues for NOI growth, and attractive financing creates an opportunity where value is driven by operational execution rather than reliance on market appreciation.
Harlan Apartments combines a highly differentiated unit mix, significant value-add potential, and accretive seller financing into a compelling investment opportunity. The property features large-format townhome and apartment residences averaging more than 1,020 square feet, creating a housing alternative that is increasingly difficult to replicate in today’s development environment.
With in-place rents materially below market, multiple ancillary income opportunities remaining unexploited, and a fully occupied rent roll, investors can execute a proven value-add strategy through organic lease turnover while maintaining stable cash flow. Complementing the business plan is a proposed seller-financing structure featuring 80% loan-to-value leverage, a fixed 4.00% interest rate, and seven years of interest-only payments, providing investors with below-market debt and enhanced return potential. The combination of a generational ownership history, multiple avenues for NOI growth, and attractive financing creates an opportunity where value is driven by operational execution rather than reliance on market appreciation.
Property Facts
| Price Per Unit | $201,923 | Lot Size | 1.94 AC |
| Sale Type | Investment | Building Size | 53,200 SF |
| No. Units | 52 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 1.22/1,000 SF |
| Building Class | C |
| Price Per Unit | $201,923 |
| Sale Type | Investment |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.94 AC |
| Building Size | 53,200 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.22/1,000 SF |
Property Taxes
| Parcel Number | 39-254-00-007 | Improvements Assessment | $424,363 |
| Land Assessment | $105,875 | Total Assessment | $530,238 |
Property Taxes
Parcel Number
39-254-00-007
Land Assessment
$105,875
Improvements Assessment
$424,363
Total Assessment
$530,238
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