Colorado’s capital has been one of the fastest growing cities in the United States. Denver has over 200 parks, including the giant 314-acre City Park. The Fitzsimons Medical Campus, Denver International Airport, and the Buckley Air Force Base have attracted a number of private contractors to open major operational facilities in the area.
Denver’s economy is accelerating, with employment growth expanding and unemployment remaining low. The continued tax incentives for new companies promising high paying jobs will continue to grow the local economy and bolster the influx of educated Millennials. Rents have been on the rise while occupancy rates remain stable.
The Property, built in 1984, has a unit mix split evenly between one-and-two bedrooms. A clubhouse and a gym are adjacent to the pool.
A renovation plan that addressing deferred maintenance in the common area and clubhouse was executed successfully.
Interior Improvements: installation of windows, sliding doors, railings, faux wood and/or plank flooring, carpet, appliance sets, brushed nickel hardware, plumbing fixtures, lighting packages, resurfaced countertops, two-tone paint with accent walls, and other site improvements
Exterior Improvements: installation of new double-pane windows; repair of asphalt and restriping parking lot; repairs and/or replacement of boilers, hot water heaters, carports, roof, siding, balconies, banisters, fascia and handrails; the addition of fencing to the first floor yards and the addition of a model unit, dog park, playground, BBQ and picnic area and more amenities to the pool area; new paint and signage, renovation of the fitness center; upgrades to the landscaping.
The Carson was built of brick and Hardi plank siding in 1972. This Property enjoys a low density layout; there is an average of 13.7 units per acre. It has an additional standalone, single-story building that serves as both the leasing office and a clubhouse.
The Property also includes a laundry facility, business center, playground, swimming pool, basketball court, mature landscaping and a BBQ and picnic area.
installation of faux wood flooring, carpet, appliance sets, brushed nickel hardware, plumbing fixtures, lighting packages, resurfaced countertops, as well as two-tone paint with accent walls
Exterior Improvements: installation of double pane windows and sliding doors; repair and/or replacement of roof, boilers, and hot water heaters; repair of the carports and asphalt; restripe the parking lot; replace damaged exterior including the siding, balconies, bannisters, fascia and handrails; addition of fencing to the first floor yards including a dog park, a model unit, amenities to the pool area, new signage, BBQs and a picnic area with tables; upgrading the landscaping; and renovations to the fitness center.
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