Downing Square Apartments

3280 N Downing St, Denver, CO 80205

  • For Sale $10,500,000
  • Property Type Multi-Family
  • Property Size 52,650 SF
  • Units 50
  • Lot Size 0.75 Acre
  • Building Class C
  • Year Built 1998
  • Date Updated Apr 23, 2024
3280 N Downing StThe Downing Square Apartments is an impressive property that houses 50 apartment units of which 40 are one-bedroom and 10 are two-bedroom units. Situated in the vibrant neighborhoods of RiNo and Five Points, this LIHTC property also features five commercial units on the ground floor. The property currently has a Low-Income Housing Tax Credit Land Use Restriction Agreement in place that is nearing expiration in approximately five years. The reason this deal is so attractive is it offers great cashflow with a 5.99% cash on cash return with immediate upside. This property affords the ability to convert the property to market rate tenants upon expiration of the rental restriction agreement. With 1998 construction being offered at $199 $/ft this property is an opportunity to obtain a great basis in a rapidly changing neighborhood.

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Contacts

broker

Elliott Polanchyck

Unique Properties

(303) 645-4785

Location

Getting Around

  • Walk Score ®

    94/100 Walker's Paradise

  • Transit Score ®

    58/100 Good Transit

  • Bike Score ®

    98/100 Biker's Paradise
Powered by Walk Score ®
  • City Denver, CO
  • Neighborhood Cole
  • Zip Code 80205
  • Market Denver

Points of Interest

  • 30th & Downing

    0.26 miles

  • 38th & Blake

    0.55 miles

  • 27th & Welton

    0.57 miles

  • 25th & Welton

    0.74 miles

  • 20th & Welton

    1.26 miles

  • 18th & Stout

    1.38 miles

  • 18th & California

    1.43 miles

  • 41st & Fox

    1.46 miles

  • 48th & Brighton at National Western Center

    1.54 miles

  • 16th & Stout

    1.56 miles

  • 7-Eleven

    0.25 miles

  • Phillips 66

    0.64 miles

  • Phillips 66

    1.13 miles

  • Jenny's Market

    1.15 miles

  • Conoco

    1.36 miles

  • 7-Eleven

    1.37 miles

  • Chestnut Public Parking Lot

    1.37 miles

  • Conoco

    1.59 miles

  • 7-Eleven

    1.61 miles

  • Sinclair

    1.62 miles

  • 30th & Downing Park & Ride

    0.26 miles

  • Colorado Public Television Parking

    0.45 miles

  • The Source Hotel Parking Garage

    0.53 miles

  • Denver Health Parking

    0.57 miles

  • 38th & Blake Park-n-Ride

    0.65 miles

  • Industry Denver Phase III

    0.74 miles

  • Coors Field Parking Lot A

    0.88 miles

  • Thomas Bean Towers Parking Garage

    0.99 miles

  • Coors Field Parking Lot A

    1.07 miles

  • SCL Health Saint Joseph Hospital Parking

    1.08 miles

  • The Source Hotel

    0.56 miles

  • Ramble Hotel

    0.81 miles

  • Hostel Fish

    1.22 miles

  • Ritz Carlton Hotel

    1.32 miles

  • The Ritz-Carlton, Denver

    1.32 miles

  • The Rally Hotel

    1.33 miles

  • Hampton

    1.35 miles

  • Hilton Denver City Center

    1.43 miles

  • Residence Inn by Marriott Denver City Center

    1.43 miles

  • Hilton Garden Inn

    1.44 miles

  • Burger King

    0.04 miles

  • Ho Ho Chinese Food

    0.10 miles

  • Hayati Mediterranean Grill

    0.24 miles

  • Dio Mio

    0.25 miles

  • Julep

    0.25 miles

  • Hotbox Roasters CBD Café

    0.27 miles

  • La Casa De Manuel

    0.27 miles

  • CHUBurger

    0.29 miles

  • Gold Point

    0.30 miles

  • Hop Alley

    0.30 miles

  • Cole Middle School

    0.08 miles

  • Cole High School

    0.22 miles

  • Cole Arts & Science Academy

    0.22 miles

  • Annunciation Catholic School

    0.29 miles

  • Montessori Academy of Colorado

    0.36 miles

  • Gilpin Montessori Public School

    0.38 miles

  • Wyatt-Edison Charter School

    0.44 miles

  • Sacred Heart House of Denver

    0.46 miles

  • Mile High Montessori Edna Oliver Early Learning Center

    0.55 miles

  • Manual High School

    0.56 miles

  • Mile High Montessori Early

    0.23 miles

  • Catholic Charities Margery Reed Day Care Center

    0.53 miles

  • Little Saints Day Care

    0.87 miles

  • Bright Horizons

    1.32 miles

  • BabyTopia

    1.73 miles

  • A Plus Kids Child Care

    2.48 miles

  • Steele Cooperative Preschool

    2.92 miles

  • Explore and Discover Childcare

    3.18 miles

  • The Goddard School

    3.22 miles

  • Sunshine Academy

    3.70 miles

Frequently Asked Questions

What is the lease rate for Downing Square Apartments?

Rental asking rate at Downing Square Apartments is $5,250,000.00/YR.

What is the total square footage of Downing Square Apartments?

Downing Square Apartments totals 52,650 square feet.

When was this property built?

Downing Square Apartments was built in 1998.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Elliott Polanchyck

Unique Properties

(303) 645-4785