Listed: Asbury Townhomes (32 units)

Calibrate Real Estate is excited to unveil a new multifamily listing: the Asbury Townhomes. This Denver apartment community is located at 5300-5386 East Asbury Avenue and 2002-2012 South Glencoe Street. For detailed financial information and property specifics, please download our brochure below:

Click Here for Property Brochure

The Asbury Townhomes offer a tremendous value-add opportunity in the heart of Denver. The property features 26 multi-level townhomes and 6 two-bedroom apartments. The townhomes feature large bedrooms, a main-level powder room, and full basements with washer/dryer hookups. Each townhome is separately metered for gas and electric, and has individual water heaters and furnaces.

After 30 years of family ownership, the rents have fallen far below market levels, averaging just $875. In preparation for sale, however, the only available townhome was rented this month (June 2017) for $1,325, with minimal improvements, demonstrating the enormous potential for the property. Nearly all leases are month-to-month, allowing complete flexibility for the new owner to make changes at their own pace.

Call 303.482.2828 to schedule your private tour of the property with Greg Johnson and Kyle Malnati.

Denver Neighborhood: Southeast Denver
Address: 5300 East Asbury Avenue, Denver, CO 80222
Price: $4,500,000
Price/Unit: $140,625
Price/SF: $129.56
# of Units: 32
Rentable SF: 34,732*
Lot SF: 56,515*
Year Built: 1960-1964
Parking Spaces: 32

*Buyer to verify accuracy of square footage*

INVESTMENT HIGHLIGHTS:
– Incredible value-add opportunity
– Month-to-month leases
– Six-building community (all 2Br units)
– 26 two-story townhomes (2Br/1.5Ba) and 6 2Br/1Ba apartments
– Spacious floorplans with outdoor patios
– Laundry hook-ups within each townhome unit
– Convenient SE Denver location near Evans Avenue and Colorado Boulevard
– Close proximity to I-25 (minutes to DTC, Cherry Creek, and DU)
– Walkable to RTD light rail station
– Estate sale: 30+ years of family ownership
– 1:1 off-street parking ratio
– Attractive landscaping with mature trees


Calibrate Real Estate (303) 482-2828
900 E. Louisiana Ave. #203, Denver, CO 80210
http://www.CalibrateRE.com
http://www.DenverApartmentBuildingsForSale.com