Sunset Ridge

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Sunset Ridge

Denver, CO
Available
  • Property Type: Apartments
  • Year Built : 1938
  • Property Size: 42,955 SF / 51 Units

Overview

Capstone Apartments Partners is pleased to present Sunset Ridge: a 51-unit portfolio community located in Sheridan, CO. Built in 1938, Sunset Ridge offers an investor a deep value add opportunity in the ever-emerging Sheridan submarket. Originally built as military housing for Fort Logan, the current group has owned and operated the property for over 73 years making improvements as needed. Arapahoe County is one of Colorado’s fastest growing counties, with more than 650,000 residents projecting to be 800,000 by 2030.

The growing demand of Sheridan paired with muted supply of workforce housing poises the property for consistent returns and an opportunity to boost annual NOI by 50% through implementation of a value-add program.

Investment Highlights

• Effortless value-add opportunity through professional  management and branding of the property.
• Many roofs, windows, electrical items, and plumbing items have been addressed over the last seven years.
• Lack of affordable, quality housing in the area offers competitive market rents.

Contact Information

Benton Adams Investment Sales Advisor P: 303.328.5208
O: 800.746.3175 ext. 764
badams@capstone-companies.com
Sean Holamon Senior Advisor P: 303.588.2119
O: 800.746.3175 ext. 758
sholamon@capstone-companies.com
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