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4640 E Asbury Cir.

Denver, Colorado 80222

CONTACT BROKER
Price
$3,700,000
Property Type
Multifamily
# of Units
22
Building Size
15,980 SQFT
Lot Size
16,740 SQFT
Year Built
1962

Description

NorthPeak Commercial Real Estate Advisors is pleased to present Asbury Gardens, a turn-key 22-unit apartment community with (2) 1Bd/1Ba units, (19) 2Bd/1Ba units and (1) 3Bd/1Ba unit. All units show very well having received a total renovation since 2021 by current ownership.

Asbury Gardens is well-located between Cherry Creek and the Denver Tech Center (DTC) with great access to all of Denver. Tenants are also a short walk to the RTD Light Rail via a pedestrian bridge that begins just steps from the front of the property. The asset also offers great curb appeal with a mid century aesthetic and a nicely landscaped courtyard that anchors this quiet community.

Finally, Asbury Gardens is brought to market with the option of assumable debt at just 2.95%. Please contact listing brokers for details and showings.

Highlights

  • All units updated in 2020-2021 ($300k spent)
  • Individual furnace/hot water in units, tenants billed directly
  • On-site common laundry for tenant use (seller owned)
  • Tenants pay for gas/unit electric directly; billed back for water/sewer/trash
  • 3 off-street parking spaces (additional income)
  • Assumable debt at 2.95%

Brokers

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Joe Hornstein

. Principal
(720) 939-2943.
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Scott Fetter

. Principal
(720) 470-3646.

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