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2350 Main StLittleton, CO 80120

50-unit multifamily building, 96% occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional three-story apartment building, located at 2350 Main St in Littleton, Colorado, presents a compelling investment opportunity. Built in 1999, the property encompasses 37,730 square feet on a 4-acre lot and features 50 units with a diverse mix. Currently boasting a 96% occupancy rate, the average rent per unit is $1,207, and the average rent per square foot is $1.60. The property benefits from extended rent restrictions through 2044, ensuring a stable income stream. Situated in the heart of Downtown Littleton, residents enjoy immediate access to the historic district's charm and modern conveniences. This is a LIHTC Section 42 property, offering the potential to preserve affordable housing within a thriving community. This court-ordered bankruptcy sale is subject to court approval, with a bid deadline of November 15, 2024. The property's prime location and strong market fundamentals make it an attractive investment for those seeking a stable, income-producing asset in a desirable Colorado location. The single building sits on a sizable lot, offering potential for future development or expansion. This is a rare opportunity to acquire a well-maintained, high-occupancy apartment complex in a sought-after area.

Highlights

  • Diverse unit mix with rent restrictions extending to 2044.
  • Average unit rent: $1,207.
  • Average rent per square foot: $1.60.
  • 96% occupancy.
  • Affordable housing preservation opportunity.
  • Strong market fundamentals.

Property Details for 2350 Main St

Property type
Apartment buildings
Square Feet
37,730 SF
Year Built
1999
Buildings
1
Stories
3
Lot Size (sq. ft)
174,240 SF
Units
50

Location Insight

City
Littleton
County
Arapahoe
State
Colorado
Latitude
39.6136047
Longitude
-105.0158393
2350 Main St, Littleton, Colorado

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2350 Main St
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