Durable Workforce Housing Demand

4160 W 74th Ave provides naturally occurring workforce housing within the Northeast Adams County submarket, where demand continues to be driven by affordability relative to the broader Denver MSA. With average household incomes of approximately $70,000 within a one-mile radius and rents positioned below the cost of homeownership, the property serves a highly stable renter base seeking attainable housing options.

Mark-to-Market Rent Upside

Current rents provide a clear opportunity for growth as leases roll to market levels. Comparable properties in the immediate Westminster submarket are achieving higher rents, supported by improving rent growth fundamentals and a tightening supply pipeline. As new deliveries slow and rent growth returns toward historical averages, investors are well-positioned to capture upside through continued rental increases.

Individually Metered Utilities for Efficient Operations

The property is individually metered for gas and electric, allowing tenants to pay their own usage and significantly reducing landlord expense exposure. This setup creates a more efficient operating

model, simplifies management, and provides a clean, scalable ownership structure for investors.

Clean Asset with Light Value-Add Requirements

The property is a well-maintained asset requiring only light interior upgrades to achieve market rents. This allows investors to execute a low-risk value-add strategy focused on cosmetic improvements

rather than major capital expenditures, reducing execution risk while accelerating returns.

Attractive Basis with Strong Comparable Support

Offered at $1,575,000, the property provides an attractive basis relative to recent comparable sales in the Westminster submarket. Similar vintage assets in the area have demonstrated strong investor

demand, reinforcing the ability to capture value through improved operations and rent growth.

Strategic Westminster Location Along the US-36 Corridor

Located in Westminster along the US-36 corridor, the property offers direct connectivity to both Downtown Denver and Boulder—two of the region’s largest employment centers. This central location continues to attract renters seeking affordability without sacrificing access to jobs, transit, and lifestyle amenities, supporting long-term occupancy and rent growth.

Strong Submarket Fundamentals & Growth Outlook

The Northeast Adams County submarket benefits from strong fundamentals, including lower vacancy relative to the Denver MSA and projected rent growth of approximately 3% annually over the next

several years. With limited new supply relative to other parts of the metro and continued population growth, the submarket is positioned for sustained demand and long-term rent appreciation.