Mesa Verde, now called Iris Apartments was purchased off-market, direct from seller, who’s owned the property since 1975. Property is below market on average $383 per month compared to renovated units and 10-15% below as-is units, leaving significant upside potential. Property is well-located 10 miles outside of Denver in a great neighborhood surrounded by A-Class & B-Class apartments, making the rental pricing even more compelling for renters.

Project Details:

Project Sources: $71,000,000
Project Timeline: 10 Year
Location: Denver, CO
Strategy: Value-Add Cash Growth
Status: Owned