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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.
Investment Highlights:
Newer construction built in 2003
Opportunity to raise rents
Rare townhome-style units with garages