CBRE is pleased to offer for sale Curtis Street Lofts, a 12-unit multifamily building located in Downtown Denver, Colorado. This is a rare opportunity for investors to run the property as a conventional apartment building with long-term residents or acquire a lodging license to rent some or all the units as short-term rentals to increase the income exponentially. The apartment homes at Curtis Street Lofts have high-end finishes including stainless steel appliances, custom cabinets, granite countertops, polished concrete or LVT plank flooring, balconies on every unit, dual vanities, office/study space in each floor plan, in-unit washers and dryers, central heating and cooling, designer lighting and ample windows for natural lighting. All the units at Curtis Street Lofts are spacious two-bedroom, two-bath floor plans. The average unit size is 1,123 square feet which is much larger than the floor plans at competing properties in or near Downtown Denver. Due to the Downtown zoning Curtis Street Lofts can attain a lodging license. This will allow an investor to rent any or all of the units in the building on a short-term rental basis. In most cases this will double or triple the income as the nightly rates are far greater than the traditional apartment use. In 2017 the owner used four units for this purpose and the result was the highest returns from the past four years. With a 96 Walk Score and 98 Bike Score, Curtis Street Lofts is the epitome of downtown, urban living. The Central Business District (CBD) and more than 145,077 jobs is less than one block from the property. Tenants or visitors will love the location of Curtis Street Lofts. Some of Denver's best restaurants, nightlife and entertainment are within blocks including Coors Field, The Lobby, Great Divide Brewing, Jagged Mountain Brewery, Dagar Art Gallery & Axe Room, Mile High Spirits, Elway's, Marquis Theater, Cherry Cricket Ballpark, ViewHouse, The 1UP Arcade Bar and many more.
Courtesy of CBRE, Inc.
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