#163: Deal Analysis - Eight Unit Apartment Near Denver University

This property is an established 8 unit in a desirable part of town near Denver University. 6 of the 8 units were recently updated with mostly long-term tenants. A plus is brick construction with low maintenance. There's potential upside in turning two units, charging for parking and storage, bringing in better management, and bringing some units up to market rent. The long-term goal is to refinance into a non-recourse mortgage after updating units and rents are increased.