Tennyson 44 4390 Tennyson St Immeuble residentiel 47 lots À vendre Denver, CO 80212

Completed in 2018, Tennyson44 reflects one of the first multifamily properties completed on Tennyson Street. With 47 units comprised of studios, one, and two-bedroom units, the property offers a variety of options for discerning renters looking to live on the Tennyson Street retail corridor. With limited competition, this property stands out as a compelling choice for those seeking quality and convenience.
Situated in the heart of the Berkeley neighborhood, Tennyson44 offers easy access to top retail and entertainment destinations, placing residents at the center of the action. This attracts educated and affluent residents, leading to impressive demographics.
The desirable location has driven home values within a mile to 22.9% above the Denver Metro average. With interest in the area gaining initial momentum in 2010 the rapid ascent of the neighborhood continues at an unprecedented pace.
Tennyson44 presents new ownership with the opportunity to enhance returns by implementing a light refresh of the property and improving its position in the competitive
landscape. Light upgrades to the unit interiors and optimizing operations of the asset could increase the average rental rates by $290, representing a 15.2% increase. With a slowdown in new construction, these enhancements would boost cash flows and establish Tennyson44 as a standout on Tennyson Street for years to come.
Tennyson44 offers an investor the opportunity to assume in-place, accretive financing.