$ 2,700,000
3605-3615 S Knox CT Denver, CO 80236
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$ 2,700,000
Est. payment | /mo
0.58 Acres Lot
$ 2,700,000
Est. payment | /mo
0.58 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 2771054
HOA Y/N No
Originating Board recolorado
Year Built 1977
Annual Tax Amount $9,465
Tax Year 2022
Lot Size 0.580 Acres
Acres 0.58
Property Description
The Knox Apartments are an 18-unit, cosmetic value-add opportunity consisting of two buildings strategically located in a quiet neighborhood on the outskirts of Sheridan, CO, and easily accessible to major city thoroughfares. Upgrades to both the exterior and interior of the property present new ownership with flexible value-add options.
All units have undergone renovations featuring updated bathrooms and kitchens, as well as new luxury flooring, contemporary light fixtures, interior paint, windows, doors, and trim.
3605–3615 S Knox Ct boasts the opportunity to increase NOI through a fresh approach to both asset and property management. With current rents lagging market rates, a new operator can optimize operations and maximize returns by implementing concepts proven successful at surrounding properties.
HIGHLIGHTS
- Two 9-unit apartment complexes (18 units total) with diverse unit mixes
- Located in a quiet neighborhood close to Sheridan and River Point, where nearby restaurants/ retailers include Costco, Target, Chick-Fil-A, Panera, and more
- Beautifully maintained landscaping
- All units have seen some upgrades including flooring, lighting, bathroom vanities, countertops, appliances, cabinets
All units have undergone renovations featuring updated bathrooms and kitchens, as well as new luxury flooring, contemporary light fixtures, interior paint, windows, doors, and trim.
3605–3615 S Knox Ct boasts the opportunity to increase NOI through a fresh approach to both asset and property management. With current rents lagging market rates, a new operator can optimize operations and maximize returns by implementing concepts proven successful at surrounding properties.
HIGHLIGHTS
- Two 9-unit apartment complexes (18 units total) with diverse unit mixes
- Located in a quiet neighborhood close to Sheridan and River Point, where nearby restaurants/ retailers include Costco, Target, Chick-Fil-A, Panera, and more
- Beautifully maintained landscaping
- All units have seen some upgrades including flooring, lighting, bathroom vanities, countertops, appliances, cabinets
Location
State CO
County Arapahoe
Zoning B-1
Interior
Fireplace N
Exterior
Roof Type Other
Total Parking Spaces 24
Garage No
Building
Sewer Public Sewer
Structure Type Brick
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Kaufman Hagan • avollert@khcommercial.com,650-740-9570
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Marlene Weaver
Broker-Associate | Lic# FA040030001