1644 N Pennsylvania Street

The William Penn is a value-add opportunity in Denver’s Uptown neighborhood. The property is just a few blocks east of the Central Business District, and adjacent to 17th Avenue: Denver’s famed Restaurant Row. The building was completely vacated earlier this year and is positioned for immediate renovation. The attractive 4-story building consists of 35 one-bedroom apartments. These spacious apartments offer functional floor plans, abundant natural light, and many units enjoy stunning views of the downtown skyline. The existing $5,098,085 Freddie Mac loan is fixed at 3.43% through April 2032. The lender has indicated that the loan is assumable. The heating system consists of a natural gas boiler and hot water baseboard registers with thermostats in each apartment. The current electric service is 30 amps to each unit. The building also features an elevator, laundry room, storage lockers and onsite manager’s office. The William Penn has a long-standing reputation as an exceptional building and deserves to be restored to its former glory.

Listing Office: NorthPeak Commercial Advisors, LLC