1530 Detroit St, Denver, CO 80206
50 Unit Apartment Building | For Sale | Denver, CO 80206
For Sale
Active
- Property Type
-
Multifamily
- Square Feet
- 50,985 SF
Listing Contacts
Boomer Beatty
Property Overview
Marcus and Millichap is pleased to exclusively market for sale The Detroit Terraces is a 50-unit complex that was built in 2016 and consists of thirty-one large studios, fourteen one-bedroom/one-bathroom units, and five two-bedroom/two-bathroom units. The unit finishes are modern with vinyl plank flooring, designer kitchens with shaker style cabinets, quartz/granite countertops, stainless steel appliances, Juliette balconies, 9’ ceilings, large bathrooms with walk in showers, ample closet and storage space, ceiling fans, and in-unit washer and dryer. The Terraces amenities include a rooftop patio with lounge chairs, firepits and grills, garage parking, bike and motorcycle storage, a fitness center, and a game room with shuffleboard.
The City Park neighborhood is filled with historical character and extremely walkable with a walking score of 90 and a bike score of 96. There are ample choices of restaurants, bars, grocery stores, bakeries, and breweries for residents to enjoy. The Detroit and Detroit Terraces are centrally located but also provide easy access to downtown Denver and surrounding areas via I25 and I70.
The City Park neighborhood is filled with historical character and extremely walkable with a walking score of 90 and a bike score of 96. There are ample choices of restaurants, bars, grocery stores, bakeries, and breweries for residents to enjoy. The Detroit and Detroit Terraces are centrally located but also provide easy access to downtown Denver and surrounding areas via I25 and I70.
Property Details
- Class
- B
- Year Built
- 2016
- Stories
- 3
- Lot Size (sq. ft)
- 18,295 SF
- Units
- 50
Highlights
- Core Denver Asset Located Steps from Denver’s Largest Park
- High Barriers to Entry Submarket
- Extremely Walkable to Retail, Bars, Restaurants, Music Venues, Breweries and Multiple Parks
- Historic Building (The Detroit) and New Construction (Detroit Terraces)
- Assumable 3.99% Fixed Rate Loan Through 2027
- Rare 100% Market Rate New Construction Opportunity
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