Multifamily
2397 S Locust
2397 S Locust St, Denver, CO 80222
Listing Price: $975,000
Investment Overview
2397 S Locust St is a fully renovated, turnkey 4-unit investment in the supply-constrained Virginia Village submarket, offering durable cash flow with minimal near-term capex. The property features modernized interiors that compete with newer products and support strong tenant demand, while in-place rents provide continued upside through organic lease roll without heavy repositioning. Centrally located between Downtown Denver and the Denver Tech Center, the asset benefits from strong commuter appeal, affluent demographics, and a widening rent-versus-own gap that reinforces long-term renter demand. Scarce small-bay competition, combined with optional operational upside through expense optimization, positions the property for stable occupancy, NOI growth, and long-term appreciation.
2397 S Locust
Investment Highlights
- Fully renovated 4-unit asset with modern finishes, minimizing near-term capex and delivering stable, low-maintenance cash flow from day one.
- Central infill location between Downtown Denver and DTC, supporting consistent occupancy and rent growth driven by commuter convenience.
- Rent vs. own gap supports durable tenant demand, reinforcing occupancy stability and consistent income performance.
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Investment Highlights
- Fully renovated 4-unit asset with modern finishes, minimizing near-term capex and delivering stable, low-maintenance cash flow from day one.
- Central infill location between Downtown Denver and DTC, supporting consistent occupancy and rent growth driven by commuter convenience.
- Rent vs. own gap supports durable tenant demand, reinforcing occupancy stability and consistent income performance.
Investment Overview
2397 S Locust St is a fully renovated, turnkey 4-unit investment in the supply-constrained Virginia Village submarket, offering durable cash flow with minimal near-term capex. The property features modernized interiors that compete with newer products and support strong tenant demand, while in-place rents provide continued upside through organic lease roll without heavy repositioning. Centrally located between Downtown Denver and the Denver Tech Center, the asset benefits from strong commuter appeal, affluent demographics, and a widening rent-versus-own gap that reinforces long-term renter demand. Scarce small-bay competition, combined with optional operational upside through expense optimization, positions the property for stable occupancy, NOI growth, and long-term appreciation.
Exclusively Listed By
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