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Capstone Apartments Partners is pleased to present West Nevada Place Townhomes: a 22-unit townhome community in Denver, Colorado. The well-maintained property was built in 2003 and provides a unique opportunity to investors for a newer build affordable housing asset belonging to the LIHTC (Low-Income Housing Tax Credit) community. Seven of the units within West Nevada are not utilizing subsidies, thereby allowing new ownership to increase the yearly rental income by over $40,000. The Denver metro has also emerged as a choice location for companies relocating from outside states, as well-established companies from all sectors are choosing Denver to grow their company and serve as the key driver for strong rent gains.
Newer construction built in 2003
Opportunity to raise rents
Rare townhome-style units with garages