South Quivas Apartments

Capstone Apartments Partners is pleased to present the South Quivas Apartments: a 20-unit multi-family investment opportunity located just south of downtown Denver, CO. Located in the desirable Ruby Hill neighborhood, this property is a fantastic opportunity for real estate developers and investors seeking to expand their portfolio. The Ruby Hill/Athmar Park submarket of Denver provides residents with convenient access to the city, highway I-25, Santa Fe Drive, Ruby Hill Park and a wide-range of new retail development nearby. With its prime location, this property is positioned to take advantage of the strong demand for rental housing in Denver, CO.

The property’s 1970s construction presents an excellent opportunity for value-add investors. By undertaking a thoughtful short-term unit conversion plan of 6 units and mid-term interior renovations and upgrades to the remaining 14, investors can unlock a new, stabilized potential of this property, boost rents, and maximize cash flow. The six largest units here have the capability of being converted from 1BR/1BA units to 2BR/1BA units during the first year of the asset’s hold period.