HIGH-YIELDING OPPORTUNITY WITH STRONG DAY ONE CASH FLOW

636 S Quitman St offers a rare combination of high in-place yield and future upside, featuring a 6.68% cap rate going in and expanding to 6.95% in Year 1. The 7.94% cash-on-cash return provides immediate distributable income, making this an ideal acquisition for investors seeking both stability and performance in today’s capital markets environment.

LOW BASIS INVESTMENT WITH SIGNIFICANT INSULATION FROM DOWNSIDE RISK

At just $120,000 per unit, the asset is priced at a meaningful discount to both replacement cost and many recent comparable sales. This low basis provides a cushion against market volatility while enhancing long-term appreciation potential as rents continue to grow across the submarket.

DIFFERENTIATED COTTAGE-STYLE PRODUCT DRIVES TENANT DEMAND

Unlike traditional multifamily layouts, the property features a cottage-style configuration, offering residents enhanced privacy, individual entrances, and a more residential feel. This design has proven to be highly attractive to tenants, supporting strong occupancy, reduced turnover, and consistent demand.

TARGETED UNIT MIX ALIGNED WITH DENVER RENTAL DEMAND

The property consists of studio and one-bedroom units, which represent one of the deepest and most consistent renter pools in the Denver metro. This positioning allows for reliable leasing velocity and flexibility in adjusting rents to market conditions.

Investment Highlights

CLEAR VALUE-ADD THROUGH RENT OPTIMIZATION, NOT HEAVY RENOVATION

Rather than relying on extensive capital improvements, the upside is driven through mark-to-market rent increases and operational efficiencies. This provides a more straightforward path to NOI growth without the execution risk typically associated with heavy renovation strategies.

TARGETED SCALE FOR PRIVATE CAPITAL

The 10-unit size offers accessibility to a broad buyer pool, including 1031 exchange investors and family offices, while avoiding direct competition with larger institutional assets currently facing lease-up challenges. The streamlined unit count also simplifies management and reduces operational complexity relative to larger properties.

ALIGNMENT WITH DENVER’S CORE RENTER DEMOGRAPHIC

The one-bedroom unit mix targets Denver’s deepest renter pool. Pro forma rents are

positioned conservatively relative to competing assets, supporting aachievable leaseup with potential for future rent growth.

RETAIL COMPONENT PROVIDING ADDITIONAL UPSIDE

The ground-floor retail space is currently underwritten below prevailing corridor rents, creating an opportunity for income growth through lease-up or tenant repositioning, while enhancing the overall mixed-use profile of the asset