6915 W 24th Ave
- Immediate rental upside with no need for significant capital investment. Further value add potential through light interior renovations to enhance overall appeal
- No deferred maintenance or CapEx requirements, allowing new ownership to focus on rent stabilization and income growth
- Thoroughly maintained with substantial exterior and interior upgrades including new roof, exterior walkway replacement, fresh paint, concrete foundation stabilization, and new doors, windows, and HVAC systems
- Prime Edgewater location surrounded by top-tier neighborhoods including West Highlands, Sloan’s Lake, Wheat Ridge, and Berkeley, ensuring strong long-term tenant demand and appreciation potential
- Close proximity to Edgewater Public Market, Sloan’s Lake Park, and a wide range of retail and dining amenities
Property Description
The Unique Apartment Group is pleased to present the opportunity to acquire 6915 W 24th Ave in Edgewater, Colorado, also known as The Jefferson Apartments. The Jefferson Apartments is a low-rise multifamily asset comprised of approximately eleven (11) units, featuring a blend of nine (9) 1bedroom/1bathroom and two (2) 2bedroom/1bathroom units. The building totals roughly 8,744 Sq. Ft. on a 20,606 Sq. Ft. (0.47 AC) lot. Current ownership has kept the property in excellent condition through consistent investment in maintenance and significant capital improvements within the last decade. Exterior improvements include a new roof, replacement of the exterior walkway, fresh exterior paint, and concrete foundation stabilization. Interior and system upgrades include HVAC replacement, new doors and windows throughout, LVP flooring in select units, and continued general system maintenance. Located in the heart of Edgewater, Jefferson Apartments benefits from an exceptional location surrounded by abundant community amenities, including Edgewater Public Market, Sloan’s Lake Park, and numerous local restaurants and cafes. Nearby neighborhoods such as Wheat Ridge, West Highlands, Sloan’s Lake, and Berkeley provide additional retail, dining, and entertainment options, while Colfax Avenue and Sheridan Boulevard offer convenient access to downtown Denver and the broader metro area. These features collectively help drive long-term tenant demand and sustained value appreciation. The property is currently operated by a Jefferson County non-profit organization, presenting a compelling opportunity for investors to reposition the asset under a traditional multifamily management model. The upside lies in aligning below-market rents with prevailing rates and improving operational efficiency through expense optimization. With a strong physical foundation already in place, the property offers room for a value-add strategy, giving new ownership the opportunity to modernize units, elevate presentation, and push rent values through thoughtful upgrades.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,770,000 |
| No. of Units: | 11 |
| Year Built: | 1970 |
| Lot Size: | 0.47 Acres |
| Opportunity Zone: | No |
| Price per unit: | $160,909 |
| Property Website | Click Here |
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