• Description
  • Details
Transwestern is pleased to present the opportunity for qualified investors to purchase a multi-property apartment assemblage in Brighton, Colorado. This assemblage includes Crestone Apartments, Phoenix Apartments, and Albion House Apartments, located in central Brighton right off of Highway 85. The communities have a total of 102 units and 76,475 rentable square feet.

Phoenix Apartments consists of 36 units, 50 parking spaces, and a playground. Built in 1962, the community has 25,920 rentable square feet of 2 bedroom, 1 bathroom units of 720 square feet.

Crestone Apartments consists of 40 units, 60 parking spaces and a playground. Built in 1972, the community has 29,755 rentable square feet with a mix of studio, 1 bedroom, 2 bedroom, and 3 bedroom units.

Albion House Apartments consists of 26 units and 39 parking spaces. Built in 1973, the community has large 800 square foot 2 bedroom, 1 bathroom units with a total of 20,800 rentable square feet.

Each of these properties have true value-add potential as Brighton and Adams County are projected to have continued strong economic growth as businesses and people look for affordable and available places outside of the core Denver Metro area.

These three properties represent nearly half of the vintage apartment market in Brighton. Oxford Economics studies of Brighton and Adams County indicate that it is one of the fastest growing counties in the country. This data indicates that the three properties are well poised for continued rent growth as wages and employment continue their remarkable rise. From an investment perspective, this provides an opportunity for generous returns supported by unusually strong capitalization rates.
  • Property Type : Multi-Family
  • Class : C
  • Property Size : 0
  • Year Built : 1972
Tom Wanberg

Senior Vice President

Greenwood Village, Colorado

+1 (303) 952-5592

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John Blackshire

Vice President

Greenwood Village, Colorado

+1 (303) 952-5603

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Crestone Apartments Sale