3445 S Corona St Englewood, CO 80113

The Rustic Aire and Rustic Arms Apartments present an opportunity to acquire two adjacent, individually deeded properties located at 3440 S Corona and 3445 S Downing in Englewood, CO. The combined properties feature 71 units, with 23 units at Rustic Aire and 48 units at Rustic Arms. The properties are located one block from Swedish Medical Center and Craig Hospital, one mile from Porter Hospital, within walking distance of restaurants and retail on E Hampden Ave, three-quarters of a mile from South Broadway restaurants and retail, two miles from the University of Denver, and one mile from Safeway and King Soopers Fresh. Recent capital improvements include a new boiler installed at Rustic Arms in 2023/2024, a new boiler at Aire in 2024, new asphalt overlay and striping on parking lots, and replaced stairwell treads across both properties. Approximately twenty percent of the units have been updated. The properties also feature landscaped courtyards, onsite laundry facilities, an onsite leasing office, and a BBQ area for tenants. This investment offers significant rental upside to a new buyer both in as-is condition and post-renovation. The seller is willing to sell the properties individually but would prefer to execute a transaction with one buyer for both properties.