NorthPeak Commercial Advisors’ Post

New Listing! If you're looking for a clean deal with no deferred maintenance and significantly under-rented, then this could be a good fit. Rent comparables in the immediate area are $1,600+ for similar 2bed/1bath units. The average rents here are only $1,144. Easiest way to add value is just through proper management! You can reach me at jack@northpeakcre.com or Hunter Schaefer at hunter@northpeakcre.com. #DenverMultiFamily #Multifamily #DenverApartments #DenverRealEstate

JUST LISTED! 1110 Clarkson St. is a stately 7-unit apartment building located in the heart of Denver’s Capitol Hill neighborhood, less than two blocks from Whole Foods and Ideal Market. The property has been meticulously cared for the past 25 years by the owner who has self-managed the building. The charm of the property is evident in its curb appeal, and it continues throughout the apartments. The property offers five 1-bedroom apartments, one 2-bedroom and one studio. The large units have been well maintained with care by the current owner and tenants alike. Long term ownership and tenancies leave room for a new owner to increase rents and maximize cashflow with ease. Push rents in the current condition, or do further upgrades to kitchens and bathrooms to push rents even further. VIEW PROPERTY: https://lnkd.in/gCC6MkeK PROPERTY HIGHLIGHTS 🏠 Address: 1110 N Clarkson St., Denver, CO 80218 💰 List Price: $1,650,000 📐 Property Size: 4,769 SF 🏢 Total Units: 7 🏠 Property Type: Multifamily #realestate #denverrealestate #denver #multifamily #northpeak #northpeakcre #property #listing

📍 Welcome to 101 S Texas, nestled in the heart of the Monopoly-inspired district, where investment opportunities abound! 🏢 New improved price point! Give us call for a private showing today 📲+609-834-3121✨ This triplex offers a unique blend of one commercial and two residential units, promising versatility and potential for lucrative returns. Imagine stepping into the Monopoly board and joining the vibrant community of investors and buyers by the beach and boardwalk. 🌊 The 800 sqft commercial space presents a blank canvas, waiting for the visionary touch of its new owner. Contact CRDA to explore the multitude of acceptable uses and let your imagination run wild. Currently, the second-floor residential unit enjoys stable tenancy, with a long-standing tenant of 13 years paying $7,200 annually on a month-to-month basis, demonstrating reliability and consistency. 🏠 Meanwhile, the third-floor unit stands poised for rental, offering flexible leasing options, including short-term rentals in an area ripe with income potential. Experience city living at its finest with two balconies overlooking Atlantic City, creating an ambiance that captures the essence of urban life. 🌇 With separate electric and gas meters, the property offers convenience and autonomy to its occupants. Adjacent to the property, facing Pacific Ave, lies a maintained lot, cared for by the owners of neighboring Monopoly properties, enhancing the overall appeal and aesthetic of the area. Sold in "as is, where is condition," with municipal certificates to be completed by the buyer, this property invites you to become part of the legendary game of Monopoly and the excitement of this thriving neighborhood. Don’t miss your chance to be a player in this iconic district – seize the opportunity and make your mark on the Monopoly board today! 🎲🏠 Click to see more: https://lnkd.in/dzQcVZR8 #RealEstate #InvestmentOpportunity #AtlanticCity #MonopolyDistrict #CommercialSpace #ResidentialUnits #CityLiving #RealEstateInvesting #BeachLife #BoardwalkLiving #InvestmentProperty #UrbanLiving

JUST LISTED! The Rob Roy is a vintage 45-unit apartment building in Denver’s iconic Capitol Hill neighborhood. The building’s brick exterior delivers timeless curb appeal from its high-visibility corner location. The property has been well-maintained and attracts good tenants looking for an affordable and convenient place to live. Untapped potential remains with rental income that can increase dramatically with capital expenditures to modernize the apartments. The building contains 44 studio units and a large one bedroom apartment. Steam heat is provided by a central gas boiler, and solar panels on the roof meet most of the property’s electricity needs. The property also has 6 off-street parking spaces that are leased to the residents. This offering memorandum includes a financial analysis demonstrating the benefits of a future renovation of the property, including additional upside by de-converting the one-bedroom unit back to its original configuration as two separate studios units. VIEW PROPERTY: https://lnkd.in/dzGGW5ks PROPERTY HIGHLIGHTS 🏠 Address: 702 E 12th Ave., Denver, CO 80203 💰 List Price: $7,000,000 📐 Property Size: 18,462 SF 🏢 Total Units: 45 🏠 Property Type: Multifamily #realestate #denverrealestate #denver #multifamily #northpeak #northpeakcre #property #listing

How will apartment supply and demand balance out this year? According to RealPage, Dallas will lead the way in supply with 38,000 units expected to be delivered. With 33,362 apartments underway, Phoenix will follow in second place with over 4,600 fewer units. Austin will round out the top three with 32,319 units. The same three markets lead projected demand for the year. RealPage projects that Dallas and Austin will absorb fewer apartments than will be delivered, while Austin’s demand outstrips supply by almost 1,200 units. Read more here: https://bit.ly/3VQ5BN9 #Capstone #LandSales #CRE #Multifamily

JUST LISTED IN ATLANTIC CITY 🆕📣 Give us a call for a private showing today 📲+609-834-3121 Welcome to 101 S Texas, nestled in the heart of the Monopoly-inspired district, where investment opportunities abound. This triplex offers a unique blend of one commercial and two residential units, promising versatility and potential for lucrative returns. Imagine stepping into the Monopoly board and joining the vibrant community of investors and buyers. The commercial space presents a blank canvas, waiting for the visionary touch of its new owner. Contact CRDA to explore the multitude of acceptable uses and let your imagination run wild. Currently, the second-floor residential unit enjoys stable tenancy, with a long-standing tenant of 13 years paying $7,200 annually on a month-to-month basis, demonstrating reliability and consistency. Meanwhile, the third-floor unit stands poised for rental, offering flexible leasing options, including short-term rentals, in an area ripe with income potential. Experience city living at its finest with two balconies overlooking Atlantic City, creating an ambiance that captures the essence of urban life. With separate electric and gas meters, the property offers convenience and autonomy to its occupants. Adjacent to the property, facing Pacific Ave, lies a maintained lot, cared for by the owners of neighboring Monopoly properties, enhancing the overall appeal and aesthetic of the area. Sold in "as is, where is condition," with municipal certificates to be completed by the buyer, this property invites you to become part of the legendary game of Monopoly and the excitement of this thriving neighborhood. Don't miss your chance to be a player in this iconic district – seize the opportunity and make your mark on the Monopoly board today! Click to see more: https://lnkd.in/eMx6FF-4 #luxurylifestyle #properties #realtors #homes #firsttimehomebuyer #homeforsale #construction

Brad Stein, President of Intracorp Homes Texas, recently spoke with Inman on the appeal of the Austin housing market. "I feel really encouraged about this market [Austin] long-term. I think all the fundamentals for a strong housing market still exist in this market. And then Intracorp’s place in this market is that we’re focused on luxury or a second-level move-up urban infill product. And so we’re going to be doing high-rise condos, mid-rise condo projects, townhome projects. We’re going to be doing those in urban infill environments, either downtown, Central Austin, South Austin, East Austin." - Brad Stein, President, Intracorp Homes Texas Read the full interview here: https://lnkd.in/gqiJYAec You can also catch Brad speaking at Inman Connect in Austin on October 9th. Learn more and register here: https://lnkd.in/gv8tJFbv

JUST LISTED! Presenting an exceptional opportunity in the heart of Denver at 13th and Corona Street, this coveted property, under the same ownership for over 25 years, is now available for sale. Comprising 10 one bedroom units, along with one two-bedroom unit, the total of 11 units. Strategically situated in a prime location, the property boasts eight parking spaces at the rear of the building, providing an additional revenue stream. Well maintained, the current operation reflects a 5.4% cap rate, with the potential for an effortless transition to a 6% cap rate simply by adjusting rents to align with the current market conditions. Whether one chooses to enhance the interior of individual units or refresh the exterior, the prospect of achieving a higher return on investment is easily attainable. Priced competitively for a quick sale, our underwriting approach is conservative, ensuring a solid investment opportunity. If this property aligns with your investment goals, please express your interest promptly so we can arrange a tour. VIEW PROPERTY: https://lnkd.in/gC7if4Rs PROPERTY HIGHLIGHTS 🏠 Address: 1326 Corona St., Denver, CO 80218 💰 List Price: $2,350,000 📐 Property Size: 6,475 SF 🏢 Total Units: 11 🏠 Property Type: Multifamily #realestate #denverrealestate #denver #multifamily #northpeak #northpeakcre #property #listing

While the "Hot Sunbelt Markets" such as Nashville, Austin, and Phoenix have gotten a lot of attention with rent and population growth, the large pipeline of new construction has caught up with them causing a slowdown and in some instances a pullback. Which Sunbelt market has stayed the course and is in better shape to outperform??? Las Vegas. A recent report ranks Las Vegas with the highest Z-Score, correlating to apartment overs supply and other market health indicators. #lasvegascre #lasvegasmultifamily #multifamily

My thoughts on this project's execution are quite positive. I believe the regulations in San Diego has evolved to a level where the "walkability" index is achieved in respect to its planning and market drivers. Now, I would like to take a moment and compare to Southeast Asia, specifically to Jakarta. Projects such as these are great examples of urban regeneration in my opinion. Compact in density, in terms of Jakarta. Development does not need to push for 20 story towers and all its bells and whistles to attract a market. Compact in density and footprint to minimize the transfer of land value to the price point of the unit is just one of the key factors. This may also attract multiple sub-developers as its investment is more "reachable" and therefor roll-out more achievable. In Jakarta, 380 sf is considered a mid-market size flat at 34.5sm. In fact, 34.5sm would get a buyer a loft configuration 1 bedroom unit for a price around 20k (Just noting as a reference). Concrete construction with some alternative finishes on the interior of course. The loft configuration does result in less number of units in a building but a more efficient net to gross. Its all in the algorithm. What I like about this type of project is its relationship to housing as a transformative ingredient to urban regeneration. It needs to be bite sized, and in the right urban environment. Maybe not the the folio sex appeal most developers wish to highlight, but the right developer(s) to champion and campaign for community and district elevation. The kind of project that Civic bodies should be promoting, from a regulatory and city vision perspective. An issue we strive to address with Indonesia's National Urban Development Project. #Smart #Sustainable #Livable #Indonesia 2045