Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.1333 West Arizona Avenue is a four-unit townhouse-style multifamily building located in southwest Denver's Ruby Hill neighborhood. Built in 2008, the property offers four large four-bedroom two-bathroom units, all of which are individually metered for gas, electric, and water. All units offer front and rear entrances and in-unit laundry. There are five off-street parking spots available for residents. Centrally located between prominent thoroughfares including Santa Fe Drive, Mississippi Avenue and Interstate 25, the location offers high connectivity to downtown Denver and the retail corridors along South Federal Boulevard and Broadway Boulevard, while still maintaining a neighborhood experience with walkability to Ruby Hill Park, Overland Golf Course, various local restaurants and public transportation. Over the last several years, multifamily properties in the immediate area have experienced extraordinary change spurred by ambitious investors, and this property is now surrounded by successful, well-done redevelopments. This is the perfect opportunity to acquire a low-maintenance Denver apartment and still expect returns north of six percent by updating the units, forcing appreciation via raising rents to market and/or by selling the units individually as condominiums for a quick and easy arbitrage play.
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