1601 Park Ave Denver, CO 80218
- Multifamily properties
- 10,863 SF
Current Use by Public Records
- Coors Field Lot B / Parking Lot
- The Arbory / Apartment Building
- Accessible Parking / Parking Lot
- Main Lot Section A / Parking Lot
Property Details for 1601 Park Ave
- Year built
- 2023
- Property size
- 10,863 SF
- Property type
- Multifamily properties
Description
This exceptional investment opportunity presents 14 unsold units within the prestigious Arbory City Park West development, completed in 2023. The property comprises two distinct packages: a four-unit condo package and a six-unit townhome package. The condo package, priced at $2,000,000, includes three one-bedroom, one-bathroom units with dens, and one two-bedroom, one-bathroom unit (units 110, 112, 114, and 401). Each condo features energy-efficient mini-split heat pump systems and individual Xcel electric meters, with tenants responsible for their utility costs. The six townhomes, offered as a separate package for $4,050,000, are all two-bedroom, two-and-a-half-bathroom units (units 212-217), situated adjacently on the top floor above the parking structure. Located in Denver's highly sought-after City Park West neighborhood, this property offers unparalleled convenience, with proximity to top-rated schools, the University of Denver, and a vibrant array of amenities. Residents enjoy stunning Rocky Mountain views and easy access to a wide range of recreational activities. This is a rare chance to acquire a significant portion of a thriving, recently completed multi-family development in a prime Denver location. The total square footage is 10,863. The property is being offered in two packages for a combined asking price of $6,050,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.97
- Latitude
- 39.7419
