Overview
Iron Works Village Apartments is a 36-unit luxury rental community in Englewood, Colorado, completed in 2020 and originally designed as a for-sale residential neighborhood. The Property features condominium-quality construction, oversized floorplans averaging 1,404 square feet, attached garages, and a renter-by-choice resident base.
Located near Swedish Medical Center, Porter Adventist Hospital, Downtown Denver, and the Denver Tech Center, Iron Works Village offers exceptional connectivity and benefits from the ongoing redevelopment of CityCenter Englewood. Currently operating at full occupancy, the community continues to achieve strong rent growth driven by demand for its spacious homes, modern finishes, and highly walkable location.
The offering also includes attractive assumable financing fixed at 3.81% through April 2031, creating a meaningful financing advantage. With condominium conversion potential and pricing below estimated replacement cost, Iron Works Village presents a rare opportunity to acquire a recently constructed luxury asset without development or lease-up risk.
Investment Highlights
LARGE-FORMAT LUXURY FLOORPLANS
Oversized 2BR and 3BR Homes averaging approximately 1,404 SF, materially larger than typical suburban multifamily product.
ACCRETIVE ASSUMABLE DEBT
Existing $9.23M fixed-rate loan assumable at 3.81% through April 2031, providing substantial spread-to-market financing advantage and enhanced going-in cash flow.
CITYCENTER ENGLEWOOD REDEVELOPMENT
Located near the ongoing mixed-use redevelopment of CityCenter Englewood, enhancing long-term submarket growth and walkability.
INFILL SOUTH DENVER LOCATION
Immediate access to South Broadway, Downtown Denver, Cherry Hills, and the Denver Tech Center via US-285 and Santa Fe Drive.
BELOW REPLACEMENT COST BASIS
Offered at a significant discount to estimated replacement cost for comparable infill luxury product without Entitlement, Construction, or Lease-Up Risk.
STRONG OCCUPANCY & RENT GROWTH
Currently operating at full occupancy with continued positive leasing momentum on renewals and trade-outs.
RENTER-BY-CHOICE DEMOGRAPHICS
Affluent resident profile driven by high barriers to homeownership and demand for flexible, home-like living environments.
CONDO-QUALITY CONSTRUCTION
Originally designed as a for-sale community with high-end finishes, attached garages, and oversized residential layouts.
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Exclusively Listed By:
License #: FA100103127
(303) 328-2035matthew.berk@marcusmillichap.com