Park Athmar Apartments

About Park Athmar Apartments

Park Athmar Apartments, located at 1065–1095 S Quivas Street in Denver’s established Athmar Park neighborhood, presents an attractive opportunity to acquire an 84-unit multifamily community totaling approximately 50,324 square feet. Built in 1972, the property offers a well-established residential footprint with a mix of 64 one-bedroom and 20 two-bedroom units, providing diversified tenant appeal.

Situated approximately four miles southwest of Downtown Denver, the property benefits from convenient access to major employment centers, neighborhood retail, dining, parks and public transportation. The community is also positioned near Ruby Hill Park, South Broadway and the growing redevelopment throughout southwest Denver, providing residents with access to recreation and urban amenities while maintaining a neighborhood-oriented setting.

The property offers investors an opportunity to acquire a well-located, 84-unit Denver multifamily asset with operational and income-growth potential, including opportunities to improve revenue through rent optimization, additional income streams and utility reimbursement strategies.

• 84-UNIT DENVER MULTIFAMILY ASSET
  Park Athmar offers meaningful scale with 84 apartment homes across approximately 50,324 square feet, providing investors with an established income-producing asset in Denver.
  
  
• DIVERSE UNIT MIX
  The property features 64 one-bedroom and 20 two-bedroom units, creating broad tenant appeal and multiple avenues for optimizing rents across the unit mix.
  
  
• STRATEGIC ATHMAR PARK LOCATION
  Located in southwest Denver, the property provides convenient access to Downtown Denver, South Broadway, neighborhood retail, restaurants, parks and major transportation corridors.
  
  
• VALUE-ADD POTENTIAL
  Investors have the opportunity to pursue additional income through lease-up and rent optimization, ancillary revenue programs and implementation of a RUBS utility reimbursement program, subject to applicable regulations and existing lease structures.
  
  
• STRONG PARKING COMPONENT
  The community offers substantial surface parking, with public marketing materials reporting more than 100 parking spaces, providing a valuable amenity for Denver renters.
  
  
• ESTABLISHED DENVER RENTAL MARKET
  Built in 1972 and located within an established residential neighborhood, Park Athmar provides investors with exposure to Denver's deep and diverse renter pool while benefiting from the area's proximity to employment, education, recreation and urban amenities.