Alvista Trailside_Property for Sale
Alvista Trailside_Property for Sale
South Delaware Street 5275, Englewood, CO, 80110, US

Alvista Trailside

Asset Description

JLL has been retained as the exclusive investment advisor in the sale of Alvista Trailside (“Trailside”), a 312-unit garden style community situated in the employment and amenity rich suburb of Englewood, CO. Built in 1991, Alvista Trailside presents a unique value-add opportunity for an investor to complete and standardize proven unit interior renovations yielding supportable premiums of $150-$200/unit per month. 


Positioned equidistant to affluent Denver suburbs Littleton and Greenwood Village, Alvista Trailside boasts proximity to a diverse employment base including the Denver Tech Center, Downtown Denver, Cherry Creek, and the broader Southeast Business Corridor. Furthermore, the property is situated near a dense medical employment base through Craig Hospital, Swedish Medical Center, Centura Littleton Hospital, and Children’s Hospital South, further propelling renter demand. As the cost of homeownership has continued to rise across Metro Denver, the average home value within a 3-mile radius of Alvista Trailside is nearly $700,000, further enhancing the growing sentiment of “renting for longer” amongst this area’s key renter demographic and serving as a catalyst for elevated future rent growth at the asset level. 


The current renovation scope at the property consists of stainless steel appliances, LVP flooring throughout kitchen & living areas, quartz countertops, updated cabinets, and modern lighting fixtures in 132 units (42%). New ownership has the opportunity to complete and standardize unit interior renovations and generate additional revenue through modernization of community amenities and operational enhancements, positioning the asset at the top of its relevant competitive set and closing the rental disparity between Alvista Trailside and newer vintage product within the submarket.

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Attributes

Number of units
312 units
Occupancy
96%
Year built
1991
Building area net
23,615 m²
Land area gross
4.38 ha

Media

Investment Highlights

  • Proven Value-Add Investment
  • Ease Of Access To Critical Denver Metro Employment Hubs
  • Access to Affluent & Amenity Rich South Denver Suburbs
  • Rising Cost of Area Homeownership Forces "Renting For Longer"
  • Affluent Neighborhood Demographics
  • A Rated Schools

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Last updated
6 Apr 2024