551 S Fairfax Street

551 S Fairfax St. is a unique value add opportunity with proven upside in a desirable location. The building is a diverse mix of (2) premium studios, (6) one beds, and (5) two beds. There have been extensive updates to major systems including roof, boiler, electrical, windows, and more (see Page 5). The subject property falls into Arapahoe County, City of Glendale, & highly desirable Cherry Creek School District. Tenants enjoy the recently renovated Glendale Park with pickleball courts directly adjacent to the property as well as nearby shopping and dining in Cherry Creek. This deal has attractive Seller financing available with 71% LTV and 4% interest. In addition, there are a few renovated units that prove a path to value add. For the right investor, this is a great opportunity to buy a well located deal with strong in place cash flow and proven upside potential.

Listing Office: NorthPeak Commercial Advisors, LLC