- Prime Location with Unmatched Convenience
- Strong Market & Thriving Community
- Modern Upgrades with Additional Upside Opportunity
- Well-Maintained with Attractive Amenities
Prime Location with Unmatched Convenience
The Reed is located at 1683-1697 Reed Street in Lakewood, CO, just minutes from downtown Denver. This prime location offers residents easy access to major thoroughfares and public transit, including the Sheridan Light Rail Station, which connects directly to Denver’s urban core. The property is surrounded by key lifestyle amenities such as Mountair Park, 40 West Arts District, Edgewater Public Market, Sloan’s Lake Park, and Lakewood Country Club, providing recreation, dining, and entertainment options. Major retailers like Target, Walmart, and the Belmar Shopping District further enhance the convenience and desirability of the area.
Strong Market & Thriving Community
Lakewood benefits from Denver’s strong economic fundamentals, with a highly educated workforce and an employment rate consistently outperforming the national average. The region is a hub for industries such as technology, aerospace, and energy, attracting a population of professionals with higher-than-average salaries. The area also boasts access to St. Anthony Hospital, a major healthcare provider, ensuring high-quality medical services for residents.
Modern Upgrades with Additional Upside Opportunity
The Reed has undergone significant renovations, including modernized unit interiors and enhanced exterior upgrades. Recent improvements have elevated the property’s appeal while maintaining strong occupancy. Value-add opportunities remain through the renovation of classic units, offering potential rent increases and loss-to-lease recapture. Additionally, further optimization of rental income and the potential to improve operational efficiencies present opportunities for increased returns.
Well-Maintained with Attractive Amenities
The Reed offers residents a well-maintained, community-oriented environment with key amenities such as a shared courtyard, ample parking, and upgraded unit interiors. The property is professionally managed and consists of a desirable mix of 3Br, 2Br, and 1Br units.
This investment in a high-demand rental market presents an opportunity to acquire a stabilized, well-located asset with immediate income potential and long-term growth prospects.
