2350 Main StLittleton, CO 80120

Property Details for 2350 Main St

Year built

1999

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

2,923 SF

Property type

Other commercial real estate

APN

2077-16-3-28-001

APU

207716328001

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $668,788

  Hospitality

  $612,606

  Educational

  $509,681

  Medical

  $527,210

  Retail

  $792,838

Location Insight

City

Littleton

County

Arapahoe

State

Colorado

Latitude

39.6135

Longitude

-105.016

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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