Inca Street Townhomes:
Investment Highlights

  • PERMIT READY Entitled 16 Unit Townhome Project
  • 850-1110 sq foot units with rooftop decks
  • Denver’s Art District on Santa Fe/Baker Area
  • 5 Story Zoning if decided to go with different plans
  • Close to a lot of new development, light rail station and downtown Denver

Sample Floor Plan

Investment Summary

Purchase Price: $1,649,000
Sales: $6,795,848
Capital Required at 25%: $1,355,830
ROE: 76%
IRR: 49%
Total Net Income: $1,028,056.56

Property Overview

Proposed Units: 16
Building: (Conditioned) 15,194 SQFT
Land: 13,953 SQFT
Zoning: C-MS-5
Year Built: Current (vacant land) Proposed (2020)

Denver ranked No. 2 on U.S. News & World’s Report list of best places to live

From the Denverchannel.com

In a new analysis of the 125 best places to live in the United States, Denver landed second on the list behind Austin, Texas. Colorado Springs was name No. 3.

“Denver’s a great place to live because our residents have worked hard to make that way,” said Mayor Michael B. Hancock in response to this ranking. “It’s phenomenal that Colorado’s two biggest cities are in the top three best places to live, but it’s no surprise — we’re pretty great.”

On a scale of 1-10, Denver ranked as the following:

  • Desirability: 8.8
  • Value: 6.7
  • Job market: 7.9
  • Quality of life: 7.0
  • Net migration: 7.6

Read the full article >>

Three Colorado cities named ‘Top Tech Towns’ in the U.S.

From the Denver Business Journal

Colorado’s tech scene is rapidly growing, and the growth is not limited to just Denver and Boulder.

According to a new study released Tuesday by CompTIA, the trade association for the IT industry, three Colorado cities were named top 20 tech towns in the U.S.

Denver, Boulder and Colorado Springs each garnered recognition in the report that ranked cities based on quality of life for tech workers, salaries, job availability, job growth and cost of living.

Denver topped the list for Colorado cities, ranking No. 8, with Boulder at 19 and Colorado Spring close behind at 20.

Read the full article >>

Denver Jumps to 6th Fastest Growing City

From Coloradocareers.com

Forbes publishes its latest annual ranking of the nation’s 20 fastest growing cities in terms of population and economic growth — and Denver jumped 10 places with many people relocating to Colorado’s metro area.

Metro Denver ranks No. 6 in Forbes’ 2014 estimation, up from No. 16 on the 2013 list.

Forbes says Denver’s population growth rate was 1.75 percent last year, but the ranking isn’t solely based on population increase.

Forbes also took into account 2013 job-growth rates, growth in gross metro product (each city’s goods and services), unemployment rates and median salaries for college-educated workers in comparing the 100 largest U.S. metro areas.

Read the full article >>

Near Inca Street Townhomes:

Walking distance:
  • Art District on Santa Fe
  • Dozens of independent restaurants and bars
  • Vintage clothing stores
  • Art galleries
  • Music Venues and theaters
Approximate 5-minute drive:
  • Denver Art Museum
  • Denver Center for the Performing Arts
  • Denver Central Library
  • The Colorado Convention Center
  • 10th and Osage Station
Approximate 10-minute drive:
  • Washington Park
  • Denver Botanic Gardens
  • 16th Street Mall
  • Mile High Stadium
  • Pepsi Center

Confidentiality Disclaimer

This confidential Offering Memorandum, has been prepared by MODUS Real Estate for use by a limited number of qualified parties. This Offering Memorandum has been provided to you at your request based upon your assurances that you are a knowledgeable and sophisticated investor in commercial real estate projects and developments. MODUS Real Estate recommends you, as a potential buyer/investor, should perform your own independent examination and inspection of the property (the “Property”) and of all of the information provided herein related to the Property. By accepting this Offering Memorandum, you acknowledge and agree that you shall rely solely upon your own examination and investigation of the Property and you shall not rely on any statements made in this Offering Memorandum or upon any other materials, statements or information provided MODUS Real Estate or its brokers. MODUS Real Estate makes no guarantee, warranty or representation about the completeness or accuracy of the information set forth in this Offering Memorandum. You are responsible to independently verify its accuracy and completeness. MODUS Real Estate has prepared the information concerning the Property based upon assumptions relating to the general economy, its knowledge of other similar properties in the market, and on other market assumptions including factors beyond the control of the MODUS Real Estate and the Owner of the Property. MODUS Real Estate make no representation or warranty as to either the accuracy or completeness of the information contained herein, and the information set forth in this Offering Memorandum in not intended to be a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be accurate, MODUS Real Estate and the Property Owner disclaim any responsibility or liability for any inaccuracies. Further MODUS Real Estate and the Property Owner disclaim any and all liability for any express or implied representations and warranties contained in, or for any omissions from, the Offering Memorandum and for any other written or oral communication transmitted or made available to you. MODUS Real Estate shall make available to you, as a qualified prospective investor, additional information concerning the Property and an opportunity to inspect the Property upon written request. This Offering Memorandum and the contents are intended to remain confidential except for such information which is in the public domain or is otherwise available to the public. By accepting this Offering Memorandum, you agree that you will hold and treat Offering Memorandum in the strictest confidence, that you will not photocopy or duplicate it, or distribute it. You agree you will not disclose this Offering Memorandum or its contents to any other person or entity, except to outside advisors retained by you and from whom you have obtained an agreement of confidentiality, without the prior written authorization Nexus Commercial Realty. You agree that you will use the information in this Offering Memorandum for the sole purpose of evaluating your interest in the Property. If you determine you have no interest in the property, kindly return the Offering Memorandum to MODUS Real Estate at your earliest convenience.