Camelot Apartments

The Colorado Transwestern Multifamily Team is pleased to present this exclusive listing for the Camelot Apartments at 4150 E Iowa Avenue in Denver, Colorado. This value-add opportunity is centrally located within the metro Denver area in the Virginia Village submarket. It is one block from major retail including a supermarket and just one half mile from the Colorado Station light rail and bus hub. The building is located within the major Colorado and I25 employment and retail corridor and not far from the Cherry Creek shopping and office district. Major entertainment and nightlife destinations are within walking distance, especially with the Glendale Entertainment District set to be under construction soon.

The property was built as luxury apartments in ninety sixty-one with large units and balconies. Not many properties of this vintage include two bedroom / two bath floor plans, which make up almost 50% of the building and are 1000 square feet in size. The amenities of the property include a pool and outdoor grill area, fitness room, and penthouse clubhouse. With secure access, interior hallways, and elevators, this property has the potential to achieve very strong rents after renovations.

The sellers purchased the property from the original developer in 1999. After owning, managing, and maintaining the property on their own since then, they are ready to sell and move on. The owners run a very well maintained property, with quiet tenants, and strict rules. This property will be sold at market price with offers being due April 16th.

• Property Type : Multi-Family
• Class : B
• Listing Size : 48,790
• Year Built : 1961
• Stories : 4
• Typical Floor Size : 12,197