The Flats on 32nd Apartments presents a compelling opportunity to acquire a stabilized, well-maintained asset in one of Denver’s most sought-after urban submarkets. Situated in the heart of the Highlands, the property offers consistent in-place income with additional upside through continued rent growth and light value-add potential.
Originally constructed in 1961, the 37-unit community has undergone significant renovations to both unit interiors and common areas, elevating the asset to meet today’s market standards while preserving its classic character. The property also features desirable amenities including covered, gated parking, bike storage, and a private gated courtyard, enhancing the resident experience.
Ideally located with convenient access to Highland Park, Jefferson Park, and Sloan’s Lake, residents benefit from proximity to some of Denver’s premier outdoor and lifestyle destinations. Supported by strong renter demand and limited new supply in the Highlands, The Flats on 32nd is well-positioned for sustained performance and long-term appreciation. TURN-KEY 37 UNIT APARTMENT COMMUNITY IN THE HEART OF THE HIGHLANDS. IDEAL UNIT MIX WITH STUDIOS, ONE AND TWO BEDROOM UNITS. GATED COURTYARD WITH SHARED GREENSPACE, COMMUNAL PATIOS AND BIKE STORAGE. UPDATED UNITS WITH STAINLESS STEEL APPLIANCES. COVERED AND OFF-STREET PARKING AVAILABLE. EXTENSIVE UPGRADES TO THE SYSTEMS OF THE BUILDINGS