$5,769,200
Active

1601 Park Avenue

Denver, CO 80218
Listing OfficeNorthPeak Commercial Advisors, LLC
Browse 18 photos
Type:Purchase
Structure:2 Family
Zone:Commercial

Description

Arbory City Park West is a 41-unit condo project that was completed in 2023. There are 14 condos/town homes remaining that have not been sold. NorthPeak Commercial Advisors has been engaged to list two separate packages of condos/town homes for sale. These condos/town homes are also still being marketed individually by Compass Real Estate, simultaneously. The first package available for sale includes four condos (2-1Br/1Ba + Den; 1-2Br/1Ba; 1-2Br/2Ba). This includes units 112, 114, 401, and 503. The asking price for the four condos is $1,969,200. All condo units have electric heat and cooling through high efficiency mini split heat pump systems. In addition, all condo units have individual Xcel electric meters and tenants pay provider directly for heating/cooling expense monthly. All of these units are projected to pay $105/monthly utility reimbursement fee and additional $100/monthly fee for per parking space. The second package available for sale includes six town homes (6-2Br/2.5Ba). This includes units 212, 213, 214, 215, 216 and 217. All units are adjacent to each other and there are no units above or below these town homes located above the podium parking structure. These units have Aquatherm hot water heat, and this expense is included in HOA dues for town home units only. All of these units are projected to pay $146/monthly utility reimbursement fee and additional $100/monthly fee for per parking space. Perfectly situated in one of Denver’s most sought-after neighborhoods, City Park West. The Arbory has the enviable convenience of being situated directly between City Park and Uptown while being equal distance from downtown and Cherry Creek, and near Cheesman Park and Denver’s Botanic Gardens. Take advantage of this rare opportunity to own one of 41 condominiums in such a highly sought-after area where you can live, work, and play within walking distance to everything in this thriving, historic neighborhood.

  • Property Details
      • Sewer InformationPublic Sewer
      • Property SubtypeMulti Family
      • Original List Price$6,050,000
      • Taxes Annual$14,277
      • MLS #2444244
      • Cost5769200
      • MLS #2444244
      • CountyDenver
      • Square Feet10863
      • Year Built2023
      • Parking Spaces10

Location

Hanover CommercialReal Estate Group
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