This property must be purchased as a portfolio sale with 1666 Alton St. for a total sale's price of $7,425,000. The Westcott Apartments are a total of 23 units, consisting of two buildings: 9108 E 17th and 1666 Alton Street. This turn-key investment consists of mainly two-bedroom units, all units have been updated and both buildings are currently fully occupied with strong leases in place. Building is mostly stabilized but offers some value-add potential! Each unit is individually metered for electricity. The owner pays for water, sewer, trash and gas. The Alton Street Apartments is a three story “L” shaped brick building with a great unit mix of 2 one bedroom units, and 20 two bedroom units and 1 three bedroom unit. Located just minutes away from the CU Medical Center Campus and popular shopping and dining from the Stanley Marketplace and new development along the Montview Blvd corridor.

C class/working class rental apartment homes will be in high demand near the new developments of A class buildings surrounding the Stanley Marketplace Center that offers premium eateries, shopping and wellness services. In addition, just minutes away is the new development of the University of Colorado Anschutz Medical Campus, University of Colorado Hospital, Children's Hospital of Colorado, the Veteran's Affairs Hospital and the site of the developing Fitzsimons Innovation Community, a 125-acre bioscience park for a variety of biomedical research companies. As the medical campus continues its growth, employment in the area will only increase, making employees there and supporting businesses very likely to reach out into the surrounding area for rentals.