East Denver Portfolio Aurora & Denver, CO

Investment Highlights

• Stabilized Income & Occupancy
• Recent Capital Improvements
• Value-Add & Rent Growth Upside
• Unmatched Submarket Concentration & Scale

Stabilized Income & Occupancy

The portfolio is 95% occupied across all 94 units with zero lease-up risk at closing. Section 8/HCV vouchers are accepted portfolio-wide, providing government-backed rent payments and stable, predictable cash flow. As HUD Fair Market Rents rise year-over-year, Section 8 contract rents can be realigned annually to current FMRs — a policy-driven escalation engine independent of broader market conditions.

• 1129 Akron Street: In-place cap rate of 8.76% — among the strongest stabilized yields in the East Denver submarket.
• 1205 Yosemite Street: Trailing 12-month NOI of $229,171 — documented income from Day 1

Recent Capital Improvements

Major capital work has been completed across all four properties, allowing a buyer to focus spending on value-add renovations rather than defensive maintenance in Years 1–3.

• 1474 Xenia Street: New roof, gutters, electrical meters, flooring, and bathroom tile throughout.
• 1205 & 1345-1363 Yosemite Street: New roofs, windows, and boilers across all buildings; new exterior stairs at 1205 Yosemite Street.
• 1129 Akron Street: Updated bathrooms, wall tile, cabinetry, countertops, and double-paned windows throughout.

Value-Add & Rent Growth Upside

The portfolio offers rent growth upside through unit renovations, loss-to-lease recapture, and ancillary income optimization across all four assets.

• 1205 Yosemite Street: Unit-turn upgrades can push rents from $1,248 to $1,295+/unit. Loss-to-lease recapture of ~$47/unit/month adds ~$11,280/year in NOI at no capital cost.
• 1345-1363 Yosemite Street: Renovated rents of $1,427/unit achievable versus current avg. of $1,391/unit through LVT flooring, kitchen, and bathroom upgrades. Loss-to-lease recapture of ~$36/unit/month adds ~$20,736/year in NOI at no capital cost.
• 1129 Akron Street: Current rents below comparable renovated product in the corridor, with room for growth as units turn.