|Last Updated Date||03 Aug 2020|
Avant at Castle Pines offers investors a proven value-add opportunity with significant room for revenue growth. Current ownership has completed all major interior and exterior common area renovations and a portion of unit interiors, allowing a new investor to focus on revenue-generating renovations to the remaining unit interiors, where premiums are expected to exceed $180 per unit. Coupled with unique property amenities such as direct access garages (available in 55% of units) and its excellent location within the affluent Castle Pines submarket, this strong value-add potential offers a unique opportunity to realize attractive returns in an exceptional location.
- Avant at Castle Pines, a 356-unit apartment community
- located in Castle Pines, one of Denver’s most affluent and sought-after suburbs. Avant at Castle Pines is
- the only multifamily community in this desirable neighborhood, insulating it from competition and uniquely
- positioning it to capitalize on excellent schools and exceptional demographics, including an average home
- price over $900,000 and an average household income of over $220,000 within a three-mile radius. This unique
- position within the submarket, combined with convenient proximity to the Southeast Business Corridor,
- Denver’s largest employment center, will ensure strong rental demand for years to come.