SoBo 42 Apartments | 1899 Acoma St
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SoBo 42 Apartments 1899 Acoma St
38 Unit Apartment Building $4,550,400 CAD ($119,747 CAD/Unit) Denver, CO 80223
Executive Summary
- Sperry, Rocky Mountain Commercial is pleased to present SoBo 42. A fully entitled and planned, 5-story 42- unit multifamily site located just south of downtown and near the Evans Light rail station.
- This distinctive development has all necessary governmental licenses and approvals, allowing a buyer the opportunity to start construction in 2024 and to stabilize in as little as 18 months. The site is one block off of Broadway and is on a quieter street, yet walking distance to entertainment and dining.
- Fully Entitled Site - Exceptional opportunity to acquire Denver land that comes with SDP’s, approvals, permits,
and everything needed to start construction immediately.
- 100% Market Rate Units - This project is grandfathered in from the Denver Affordable housing ordinances with the current permits.
- Light Rail in Walking Distance – Quick Access to downtown Denver and the entire metroplex means increased potential for investors.
- Significant decrease in time to Stabilization – With all planning and approvals done, as well as soft costs paid, this project will save 18-24 months in a buyers development process.
- This distinctive development has all necessary governmental licenses and approvals, allowing a buyer the opportunity to start construction in 2024 and to stabilize in as little as 18 months. The site is one block off of Broadway and is on a quieter street, yet walking distance to entertainment and dining.
- Fully Entitled Site - Exceptional opportunity to acquire Denver land that comes with SDP’s, approvals, permits,
and everything needed to start construction immediately.
- 100% Market Rate Units - This project is grandfathered in from the Denver Affordable housing ordinances with the current permits.
- Light Rail in Walking Distance – Quick Access to downtown Denver and the entire metroplex means increased potential for investors.
- Significant decrease in time to Stabilization – With all planning and approvals done, as well as soft costs paid, this project will save 18-24 months in a buyers development process.
Property Facts
| Price | $4,550,400 CAD | Building Class | B |
| Price Per Unit | $119,747 CAD | Construction Status | Proposed |
| Sale Type | Investment | Building Size | 55,438 SF |
| No. Units | 38 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2026 |
| Property Subtype | Apartment | Parking Ratio | 0.84/1,000 SF |
| Apartment Style | Mid Rise |
| Price | $4,550,400 CAD |
| Price Per Unit | $119,747 CAD |
| Sale Type | Investment |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Construction Status | Proposed |
| Building Size | 55,438 SF |
| No. Stories | 5 |
| Year Built | 2026 |
| Parking Ratio | 0.84/1,000 SF |
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Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 5226-16-032 | Improvements Assessment | $7,515 CAD |
| Land Assessment | $485,821 CAD | Total Assessment | $493,336 CAD |
PROPERTY TAXES
Parcel Number
5226-16-032
Land Assessment
$485,821 CAD
Improvements Assessment
$7,515 CAD
Total Assessment
$493,336 CAD
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SoBo 42 Apartments | 1899 Acoma St
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