7479-7549 Pecos St
Denver, CO 80221
Pecos Gardens Apartments · Multifamily Property For Sale · 54 Units

Pecos Gardens Apartments are located in an established neighborhood with easy access to Interstates 36, 25, 270, and 76 that will allow you to be in Boulder within 20 minutes and Downtown Denver within 10 minutes. The property has exposure to a high traffic count and near various retailers and restaurants. An RTD bus stop is located in front of the property providing easy access to public transportation. The three building site was built between 1962 and 1968 with both brick veneer and vinyl siding and has a concrete slab foundation. Pecos Gardens has been under the same ownership for the past 14 years and has been well cared for. Capital improvements over the previous ten years have totaled in excess of $700,000. The capital improvements include but are not limited to interior and exterior painting, flooring, HVAC's, interior unit upgrades, hardware, new appliances, new common area hallway lighting, boiler replacements, domestic hot water tank replacements, rooftop evaporative cooling replacement, parking lot replacement, landscaping, and roof replacements. There is a 1:1 ratio of parking spaces per unit and each parking lot has one extra space for management/maintenance/or visitors. The community offers five spacious floor plans. The unit amenities vary with ceiling fans, select units have wall a/c units, dishwashers, walk-in closets, frost free refrigerators, and disposals. 92% of the units have been upgraded with vinyl hardwood floor planking. Each unit is separately metered for electricity and a $65.00/unit/mo fee is assessed for gas, water, sewer, and trash services. Other sources of income include tenant reimbursements, pet rent, storage rent, and laundry income. Each building has a centralized laundry facilities that each have two washers and two dryers. The laundry equipment in each building is leased.