1300 S Parker Rd Denver, CO 80231
Investment opportunity with significant discount due to fire incidents.
Property size:
20,858 SFProperty Features for 1300 S Parker Rd
General Information
- Standard status
- Active
- Size
- 20,858 SF
Building Details
- Year built
- 1972
Source:
Corcoran
Listing Agency: HOMESMART Listing Agent: Karine Welton
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Distressed 33-Unit Condo Portfolio
This is a rare opportunity to acquire a portfolio of 33 condominium units, offered as a distressed investment due to fire incidents that occurred in 2022 and 2023. The pricing reflects a significant discount, estimated at approximately 50–60% below prior market values. This portfolio is best suited for experienced investors with a medium- to long-term investment horizon. Several units are impacted and pending future renovation coordination through the HOA. Based on current HOA communication, reconstruction and remodeling of fire-affected units are anticipated to begin within approximately two years, subject to HOA timelines and approvals. Prior to the fire events, comparable units within the community historically traded between $125,000–$180,000 per unit, presenting potential upside as restoration progresses and market conditions stabilize. The current owner is actively working to lease up additional units, with plans to add approximately seven more rental units, which may improve future income performance and NOI. The property, with a size of 20858 square feet, presents a prime investment opportunity for value-add investors seeking long-term appreciation and income growth potential.
Location Intelligence
Current Use by Public Records
Remember Me Housekeeping
Hardware & Home Improvement
SPACE COMMAND
Nightclub
Dissertation Writing Help
Tutoring Service
Club Valencia
Condominium Complex
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.893622
- Latitude
- 39.6959888
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Investment opportunity with significant discount due to fire incidents.
Where is this apartment building located?
The property is located at 1300 S Parker Rd Denver, CO.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: - Significant Discount: Priced 50-60% below prior market values due to fire incidents, offering substantial initial savings.; - High Potential Upside: Comparable units historically traded between $125,000–$180,000, suggesting significant appreciation potential.; - Large Portfolio: Opportunity to acquire a 33-unit condo portfolio in a single transaction.
