Overview
The Reed is a well-maintained, professionally managed multifamily asset featuring modernized unit interiors, upgraded exteriors, and attractive on-site amenities including ample parking and a shared courtyard. Recent renovations have improved curb appeal and tenant experience while preserving upside through remaining classic units, offering potential for future rent growth and operational efficiencies. The property’s desirable unit mix of 1BR, 2BR, and 3BR layouts supports broad renter demand and stable occupancy. With immediate income in place and value-add potential through continued unit upgrades and lease optimization, The Reed presents a strong opportunity for long-term growth in a high-demand rental market.
Residents enjoy comfortable living in a quiet, residential neighborhood just minutes from Sloan’s Lake, Edgewater, and downtown Denver. The property offers excellent access to major transportation corridors, including Colfax Avenue and Wadsworth Boulevard, and is located less than 10 minutes from two RTD light rail stations, enhancing tenant mobility and supporting long-term rental demand. Lakewood remains one of the most sought-after suburban markets in the Denver metro, offering a balance of urban convenience and suburban charm. Strong household incomes, a diverse employment base, and proximity to major job centers like the Denver Federal Center and St. Anthony Hospital contribute to a stable and growing renter population. Limited new construction, high occupancy rates, and a historically tight rental market support continued rent growth and long-term asset appreciation, making The Reed an attractive investment for multifamily buyers seeking both stability and upside in a proven submarket.
Investment Highlights
Ample Capex Complete Current ownership has completed numerous capital projects, including electrical upgrades, boiler replacement, new windows, exterior painting with a modern design, and repairs to second-floor decks. These major improvements allow investors to focus on income-producing renovations rather than deferred maintenance.
Turnkey with Light Value-Add Potential The Reed is a well-maintained asset with a variety of recent improvements, enabling a buyer to immediately step into a stabilized, well-positioned property. Investors have the flexibility to operate the asset as a turnkey investment or pursue a light value-add renovation strategy to capture further rent growth.
Strong Unit Mix with 66% Two- and Three-Bedroom Units The unit mix caters to Lakewood’s key renter demographic, which values larger floorplans at attainable rents. The property is well-positioned to benefit from the growing trend of long-term renting, particularly in a market challenged by elevated concessions and increased vacancy in newer product.
Excellent Location with Exceptional Connectivity The Reed offers quiet, residential living with convenient access to Denver’s urban core. Just minutes from Sloan’s Lake, Edgewater, and downtown, and less than 10 minutes from two RTD light rail stations, the property enjoys excellent connectivity via major corridors such as Colfax Avenue and Wadsworth Boulevard—supporting tenant mobility and sustained rental demand.
Proven Submarket with Strong Fundamentals Situated in one of metro Denver’s most desirable suburban markets, The Reed is positioned to benefit from Lakewood’s high occupancy rates, limited new construction, and consistent rent growth. With proximity to key employment centers like St. Anthony Hospital and the Denver Federal Center, along with a growing population of high-income renters, the property offers long-term stability and appreciation potential.
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