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Lincoln Terrace boasts an exceptional unit mix, featuring 25 multifamily units and 4 retail spaces. Located just blocks from Swedish Medical Center, Lincoln Terrace offers immediate cash flow with an attractive assumable loan (3.99% through 08 / 2027) as well as the potential for future development as it is located in an opportunity zone. With a dynamic mixed-use profile, this asset provides an enticing opportunity for NOI growth through raising rents to market rate and light cosmetic renovations. Furthermore, its proximity to the vibrant South Broadway retail and restaurant scene ensures a strong tenant base for both residents and retailers. County: ArapahoeYear Built: 1931-1951# Buildings: 5# Stories: 2Construction: BrickRoof Type: Pitched + FlatGross Building SF: 30, 613Lot Size: 21, 345 SFParking: Off Street | 6 SpacesHeating: BoilersWater / Sewer: MasterGas / Electric: MasterZoning: MU-B-1 (Opportunity Zone)Max Height: 100 Ft (Redevelopment) * Phenomenal location just blocks from Swedish Medical Center and South Broadway * Attractive assumable loan at 3.99% through 08 / 2027 * Multiple new boilers installed in 2020 * Exceptional unit mix, featuring 25 multifamily units and 4 retail spaces
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