Tailwater Apartments Denver, CO

Investment Highlights

• Premier Location
• Strong Demographic Fundamentals
• Fully Entitled Development Opportunity

Premier Location

Tailwater is ideally located just blocks from Sloan’s Lake Park, providing residents with direct access to one of Denver’s largest recreational spaces. The site is one block from the Sheridan Light Rail Station, offering convenient transportation options throughout the metro. Residents will also enjoy walking distance access to a variety of restaurants, bars, and entertainment venues. The property’s proximity to Downtown Denver, I-25, Empower Field at Mile High, and several local parks further enhances its appeal and long-term desirability.

Strong Demographic Fundamentals

The neighborhood surrounding Tailwater is experiencing strong population and household growth, with rapid transformation driven by new developments and lifestyle demand. Key demographic indicators include 53.6% of residents holding a bachelor’s degree or higher, a median age of 34 years, and a high renter population at 59.7%. The area’s $94,000 median household income supports strong rental demand for high-quality, professionally managed multifamily housing.

Fully Entitled Development Opportunity

Tailwater offers significant speed-to-market advantages with fully approved plans for a 128-unit multifamily project. A Guaranteed Maximum Price (GMP) contract is in place with Colarelli Construction for $25.7 million, equating to approximately $215,000 per unit. Investors can immediately move to the construction phase without the risk and delays typically associated with Denver’s lengthy entitlement process, providing a major competitive advantage in today’s market.