Brix on Belleview_Actifs en vente
Brix on Belleview_Actifs en vente
South Acoma Street 5051, Englewood, CO, 80110, US

Brix on Belleview

Description de l'actif

JLL has been retained as the exclusive investment advisor in the sale of Brix on Belleview (“Brix”), a 183-unit garden-style community situated in the burgeoning suburb of Englewood, CO. Constructed between 1961 and 1972, Brix on Belleview presents an extrodinary value-add opportunity for an investor to complete and standardize interior renovations, yielding proven and supportable premiums of $150+/unit per month. 


Strategically positioned near downtown Littleton and the Denver Tech Center (DTC), Brix on Belleview enjoys a prime location with convenient access to an array of employment recreational options, lifestyle activities, and retail amenities. This multimodal location offers residents swift and effortless connections to key areas. Employment hubs such as Denver Tech Center, Downtown Englewood, and the broader Southeast Business Corridor are easily accessible, along with a range of nearby medical facilities including Craig Hospital, Swedish Medical Center, Centura Littleton Hospital, and Children's Hospital South. As homeownership costs continue to escalate across metro Denver, evidenced by the average home value within a 3-mile radius of Brix on Belleview of $700,000, this reinforces the prevailing trend of residents in the immediate area embracing the idea of "renting for longer." Consequently, this trend will spur heightened rent growth at the asset level for the foreseeable future. 


The current renovation scope at the property consists of stainless steel appliances, LVT flooring throughout kitchen & living areas, quartz countertops, updated cabinets, and modern lighting fixtures in 43 units (24%). New ownership has the opportunity to complete and standardize unit interior renovations, positioning the asset at the top of its competitive set and closing the rental disparity between Brix on Belleview and newer 1980s and 1990s renovated product within the submarket. 

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Caractéristiques de l'actif

Nombre d'unités
183 Unité de mesure
Occupation
94 %
Année de construction
1961
Surface de l'actif Net
11 077 m²

Média

Points clés d'investissement

  • ESTABLISHED VALUE-ADD INVESTMENT THESIS 
  • SEAMLESS CONNECTIVITY TO ESSENTIAL METRO EMPLOYMENT HUBS 
  • ACCESS TO UPSCALE & AMENITY RICH SOUTH DENVER SUBURBS 
  • RISING COST OF HOMEOWNERSHIP FORCES “RENTING FOR LONGER” 
  • AFFLUENT NEIGHBORHOOD DEMOGRAPHICS 
  • ELIGIBLE FOR MISSION DRIVEN AGENCY FINANCING 

Contacter l'équipe

Brix on Belleview (0 actifs)
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Dernière mise à jour
20 juin 2024