1101 Colorado Blvd, Denver, CO 80206

1101 Colorado Boulevard in Denver, CO is a 15-unit multifamily property located on the east side of the Congress Park neighborhood, one of Denver’s most affluent and prestigious urban neighborhoods. This property is located directly across the street from Rose Medical Center’s campus, and the highly anticipated 9th and Colorado redevelopment project, dubbed 9+CO. Located on the former campus of the University of Colorado Health Sciences Center approximately three miles southeast of Downtown Denver’s Central Business District, 9+CO is a prominent and highly anticipated urban infill project will be comprised of approximately two million square feet of new development on 26 acres when completed in 2020. The project which encompasses 12 city blocks directly across from 1101 Colorado Blvd is slated to include 4 acres of parks and open space, 235,000-300,000 SF of retail space, up to 1,100 new residential units and as much as 200,000 SF of new office space. The neighborhood is already extremely well established with well-known retailers such as Trader Joe’s, Snooze A.M. Eatery, U.S. Bank, UPS, Blue Pan Pizza, TAG Burger Bar, 7-11 and many more within walking distance. The property is also just a short drive or bike ride away from many of Denver’s most popular attractions, such as Cherry Creek Mall and Cherry Creek North Shopping District, City Park, Congress Park, Cheesman Park, Denver Botanic Gardens, Denver Zoo and the Glendale Commercial District. 1101 Colorado Blvd in Denver, CO features fifteen (15) renovated multifamily apartment units, five (5) two-car garages and seven (7) secured storage units located on approximately 0.21 acres (8,910 square feet) of land area. The building was constructed in approximately 1941 and has only had two owners since that time. The current ownership group went through a full building renovation in the mid-1990’s when they purchased the building and just recently completed a second round of unit renovations and building upgrades in 2018. The unit mix consists of fifteen (15) 1BR/1BA units averaging approximately 625 square feet each. The property is currently zoned G-MU-5 creating a potential opportunity for long-term future redevelopment. The residential units, garage spaces and storage units are all currently 100% occupied, with the residential units averaging between $1.59- $2.02/SF in base rent charges. Unit upgrades include new wood tile laminate flooring or refinished original hardwood floors, new kitchen countertops, new light fixtures and fans, closets with builtin shelving, new in-unit electrical panels, low-flow bathroom fixtures and new or updated kitchen appliances (refrigerators, stainless steel sinks, microwaves, range and stove tops and dishwashers). Building and common area updates include floor to ceiling ceramic tile and storage lockers in the shared laundry room, new carpet on the west stairs, LED lights and new fixtures in common areas, backflow installed (2018), new boiler expansion tank (2014), replaced main roof (2002), replaced garage roof (2016), new sewer line (2017), new concrete sidewalk and driveway (2017) and low maintenance rock and mulch landscaping at the main entrance and southside of the building.