Unit amenities at Platte River Apartments include designer floors, ceiling fans, walk-in closets, energy-efficient windows, air conditioning and some hard surface countertops. The property has controlled access, 60 off-street parking spaces, onsite laundry, a large courtyard with seating, elevator access and is less than one mile from the Broadway light rail station. Platte River has undergone recent capital improvements including a new roof, new windows, exterior walkways were redone in 2019, and updated sewer lines in 2019. Substantial upside by renovating the units to get the rents up to a market level. Please note that the reflected price is with the current loan assumption, which is below market interest rates right now. Terms of the note are a 3.35% interest rate, interest only through December 2029, maturity date in December 2029. This loan will bolster the cash-on-cash returns so please reach out for more information or to set up a tour.
Courtesy of CBRE, Inc.
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