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Elms Apartments

Lakewood, CO

About this property

Cadence Capital is proud to present The Elms Apartments, a newly acquired 18-unit multifamily community located in the high-demand submarket of Lakewood, Colorado. Acquired for $3,525,000 with a 5.7% going-in cap rate and assumed debt at 3.1%, the Elms offers a rare opportunity to own a stabilized, income-producing asset in a supply-constrained and fast-growing area of metro Denver.

Strategically situated between the Front Range mountain towns and downtown Denver, the property enjoys excellent connectivity via I-70, I-25, and Hwy-85, making it ideal for commuters and professionals alike. Residents benefit from proximity to major employment centers including the Denver Federal Center and Centura St. Anthony Hospital, while enjoying convenient access to retail, dining, and entertainment at the nearby Belmar Shopping District.

No. of Units

18

Key Metrics

Projected IRR: 12.3%

Projected ROI: 12.8%

Purchase Date

April 14, 2025

Hold Period

4 Years

Acquisition Price

$3,525,000

Year Built

1959

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