Distressed 33-Unit Condo
1300 S Parker Road Denver, CO 80231
For Sale
$2,100,000
Investment opportunity with significant discount due to fire incidents.
Property Size20,858 SF
Price / SF$100.68
Days on Market146
Property Features for 1300 S Parker Road
General Information
- Standard status
- Active
- Size
- 20,858 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1972
Listing Agency:
HOMESMART
(303) 858-8100
Listed By:
KARINE WELTON
Source:
Corcoran
Added: Feb 28
Changed: Jul 10
Last Checked: Jul 23 at 8:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HOMESMART
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
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
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 Road 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.
