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Property Overview: 

ARA Colorado is pleased to extend to qualified investors the opportunity to purchase 1420 Franklin Street, a 5-unit apartment community located in Denver, Colorado.

The terms of the offering are as follows:

Investment Highlights:

• The Capitol Hill apartment submarket is showing exceptional signs of strength and is expected to maintain this stability well into the foreseeable future. The current Capitol Hill submarket vacancy rate is 3.2%, down from 6.2% one year prior, and limited construction in the near term will ensure the rate continues to decline. Rent increases have been dramatic in the submarket, with market rents increasing 3.0% year-over-year.
   
• Excellent central Denver location—the property is located a few blocks from Cheesman Park, shopping, dining, and entertainment. Additionally, the property is only eight minutes to the Cherry Creek Mall, seven minutes to downtown Denver, and four minutes to the Golden Triangle neighborhood.
   
• 1420 Franklin Street features onsite owner-owned laundry facilities, private patios areas, four off-street parking spaces, and a two-car garage.
   
• Three blocks from the property is Denver’s “Restaurant Row”, a stretch of 17th Avenue running from Broadway to City Park that is lined with cafes, bistros, taco bars, family dining, upscale restaurants, and a number of popular bars and clubs, almost all with outdoor patios.