1899 Acoma St Denver, CO 80223

This exceptional opportunity presents a fully entitled and planned 5-story, 42-unit multifamily development in Denver, Colorado, located at 1899 S Acoma St, 80223. Priced at $3,200,000, this vacant property boasts 62,155 square feet on a 12,415 square foot lot and includes 38 parking spaces. The property is zoned CMX-5 and features a 6.00% cap rate. The sale includes land, architectural drawings, all engineering documents, a survey, soils report, and specifications manual. All necessary governmental licenses and approvals are in place, allowing for immediate commencement of construction in February 2024, with potential stabilization within 18 months. Situated just south of downtown Denver and near the Evans Light Rail station, this development offers convenient access to public transportation, entertainment, and dining. The project is grandfathered in from Denver's affordable housing ordinances, ensuring 100% market-rate units. This turnkey opportunity significantly reduces the typical development timeline, eliminating the need for extensive planning and approval processes, and pre-paid soft costs. The property's APN is 5226-16-032. This is a gross lease property.