Transwestern is pleased to present this exclusive listing of an 18 unit multifamily building in Centennial Colorado. The building is located in the highly desirable South Glenn neighborhood of Centennial. This high income neighborhood has shopping, dining, and nightlife all within walking distance of the property. The nearby Portola at South Glenn apartments are currently achieving $2,000+ rents for one bedrooms and $3,000 rents for two bedrooms, just 1600 feet away from Highline Pointe.Highline Pointe was constructed in 1993 and has never been offered to the marketplace, it is still being managed by the original family. With incomes of $100,000 plus within the submarket, this is an investors chance to buy a modern value add opportunity in a luxury suburban submarket of Denver. Buyers can purchase the property and renovate units to deliver a luxury apartment while still having a several hundred dollar delta between the renovated rents and the rents being charged at the Portola at South Glenn. Transwestern has modeled a luxury value add renovation that includes quartz counter tops, stainless steel appliances, updated gas fireplaces and tile surrounded tubs.
- Property Type : Industrial
- Yard : No
- Class : B
- Listing Size : 16,140
- Year Built : 1993
- Stories : 3
- Typical Floor Size : 5,380