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Home » Real Estate » CO » Brighton » 80601 » 63 S 22nd Ave, #A1-B8, Brighton, CO, 80601
$3,075,000

63 S 22nd Ave, #A1-B8, Brighton, CO, 80601

30 Beds
16 Baths
14,608 Square Feet
Located just off Highway 7, 63 South 22nd Avenue, Buildings A & B offers a prime 16-unit multifamily investment with easy access to Denver, the metro suburbs, and Denver International Airport. This 14,608-square-foot garden-style complex consists of two 8-unit buildings with fourteen 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, totaling 30 bedrooms and 16 bathrooms. Dedicated off-street parking ensures convenience for tenants. Each unit has independent gas and electric meters, forced-air furnaces, and gas water heaters. The owner currently pays water, sewer, and trash, while tenants cover gas and electricity. The property generates $285,960 in gross rental income and a net operating income (NOI) of $192,974, with additional upside through utility reimbursements and further operational efficiencies. A comprehensive capital improvement plan has been completed, with 13 of 16 units fully renovated in the last two years. Recent upgrades include new roofs, fresh exterior paint, newer furnaces, hot water heaters, and rooftop A/C units for second-floor units. Newer (less than two years old) coin-operated laundry machines in each building help offset expenses. Further value-add opportunities remain, including resurfacing the parking lot, modernizing common areas, completing the final two unit renovations, and implementing a RUBS program to recapture owner-paid utilities. Located in a high-growth submarket, the property is within three miles of major retail, recreation, and employment hubs, including Barr Lake State Park, Prairie Center Shopping Center, Platte Valley Medical Center, and multiple schools. With turnkey operational stability, strong tenant demand, and additional value-add potential, this is a rare investment opportunity in Brighton's expanding multifamily market. Contact us today for the full Offering Memorandum (OM) and financial details.
Offered By
Nicholas Bukowski 9702197096, The Station Real Estate

Property Details

Property Type Residential Income
Status Active
Bedrooms 30
Property Sub Type Income Property
Square Feet 14,608
MLS # 1030190

Market Trends

New Properties On Market
69
146% Increase In New Listings
Average Asking Price
$654,460
$109,550 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$276
$63 Increase In List Price/Sq. Ft.
Average Days On Market
21
26 Day Decrease In Days On Market
Data as of Apr 17, 2025. Remaining statistics above are calculated on activity within the period from Feb 01, 2025 to Mar 31, 2025.
Information deemed reliable but not guaranteed by the MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2025 IRES. Property data was last updated on 4/3/2025 at 5:29 pm