Jefferson Towers 5755 W 37th Ave 12 Unit Apartment Building $1,920,000 ($160,000/Unit) Wheat Ridge, CO 80212

The Unique Apartment Group is pleased to present the opportunity to acquire 5755 W 37th Ave in Wheat Ridge, Colorado, also known as The Jefferson Towers.
This three-story property consists of twelve (12) spacious units featuring a mix of ten (10) one-bedroom/one-bathroom units and two (2) studios. The 8,568 SqFt building sits on a 24,393 SqFt (0.56-acre) lot.
Current ownership has kept the property in excellent condition through consistent investment in upkeep and significant capital improvements over the past decade. Exterior improvements include replaced electrical panels, updated property fencing, a secure main entry keypad, and parking lot crack sealing and restriping. Interior updates include fresh hallway paint and railings, new common area carpet, solid core door replacements, bathroom upgrades, floor replacements in select units, and extensive HVAC maintenance.
Located in the heart of Wheat Ridge’s Barth's neighborhood, the property is surrounded by established single-family homes and lies minutes from some of Denver’s most desirable neighborhoods, including West Highlands, Sloan’s Lake, Edgewater, and Berkeley. Residents benefit from close proximity to a wide range of retail, dining, and community amenities along West 38th Avenue, the Wheat Ridge Marketplace, the shops at Tennyson St, and the Edgewater Public Market. All of these factors help support long-term tenant demand and overall value appreciation.
The property is currently operated by a Jefferson County non-profit organization. The clear upside for investors lies in transitioning to a traditional multifamily management structure, as rents are currently well below prevailing market rates. With no major deferred maintenance or CapEx needs, new ownership can focus on stabilizing rents and realizing stronger cash flow immediately upon acquisition.