Best Places to Invest in Denver
The capital of Colorado is famous for its access to the outdoors, lively culture and residents, and stunning mountain views. With all of these driving factors, it’s no wonder it remains one of the most popular cities in the U.S.
With all of the conveniences of a large metro, easy access to great public schools and universities, and a growing economy and job market; Denver remains a favorite for natives and newcomers alike. For those who are looking to have the best of both worlds (think city living plus the great outdoors), Denver truly has it all. However, it‘s an expansive city with many different areas to choose from, some that investors may not even be aware of… In this article, we’ll cover some of the best places to invest in Denver and the types of properties, neighborhoods, and price ranges you can expect there.
Holly Hills
Where is it located?
Holly Hills is located southeast of Denver’s city center, conveniently outside of the hustle and bustle of downtown but still easily accessible. It’s also close to a few other upscale metropolitan areas, such as Cherry Creek. Many of the homes were built in the 60s and, with a variable price range, may be great properties to renovate or rent out as-is. Crime rates in Holly Hills are relatively low for the Denver area and the neighborhood is near many of the city’s top conveniences, so properties in this neighborhood are likely to hold their value well over time.
What types of properties are available?
The Holly Hills neighborhood is mostly comprised of B-Class homes. The properties are a bit older and may require some updating to add modern amenities, but the benefits of great schools and a safe neighborhood help properties to hold their value and produce a great ROI for investors looking to renovate. Properties here are priced average for Denver and, paired with the high-quality location, may be an excellent place to consider investing in.
What other benefits are there?
Most of the properties in Holly Hills are single-family homes, and the area features a stellar public school system. This factor, plus its proximity to Denver’s city center, make Holly Hills an excellent fit for families that are looking for the best of both worlds in terms of commute and access to great schools.
Capitol Hill
Where is it located?
Capitol Hill, affectionately known as “Cap Hill,'' is located in the heart of Denver. It’s famous for its active nightlife culture and easy-access to the rest of the city. In addition to the abundance of shops, restaurants, and business that comes with living in the heart of Denver, Capitol Hill also has the advantage of close proximity to both Mile High Stadium as well as Coors Field, giving its residents plenty of entertainment options.
What types of properties are available?
You’ll find a mix of B-Class, single-family homes and condos available in this area and, considering most residents rent their homes, it’s the perfect place for an investment property. Capitol Hill’s proximity to the University of Colorado Denver also ensures there will be a constant flow of residents looking to rent, meaning good potential for consistent tenancy. Properties here are priced average for the city so they are great for investors who aren’t looking to buy overly expensive properties. And, considering rental rates are fairly consistent in the Denver area, it’s a worthwhile neighborhood to consider when looking for an investment property.
What other benefits are there?
Union Station is considered one of the most popular attractions in the heart of Denver. It’s a favorite of residents and visitors alike, thanks to its access to public transportation as well as a variety of unique shops and restaurants that contribute to the rich culture of the city. Residents of Capitol Hill will enjoy easy access to this important hub.
Littleton
Where is it located?
Littleton is located south of Denver and is an excellent area for families. The public schools are some of the best Arapahoe county has to offer, and with relatively low crime rates, purchasing properties in Littleton is a great way to see a good return on a renovated home.
What types of properties are available?
Littleton consists mostly of B-Class, single-family homes with a mix of some condos. While there are some new builds in the area, there is a huge potential for renovated homes to take priority in this market. Prices for properties in this neighborhood are lower than average for the Denver area, making this an excellent place to break into the Colorado market.
What other benefits are there?
Since Littleton is a bit further out of the city, you can expect to see larger lot sizes than what is common for the more urban neighborhoods of central Denver. Tenants will likely be families or young professionals who prefer to commute into the city.
South Denver
Where it’s located:
As the name suggests, South Denver is south of Denver’s city center. Notably, it’s home to the University of Denver, Colorado’s oldest higher education institution. Its bustling culture, nightlife, and proximity to the university mean that there is a constant flow of renters in the area. There are also many popular shops, restaurants, and businesses in and around South Denver. So, residents enjoy walkability and community, making it an excellent choice for those who prefer to find their new favorite coffee shop close to home.
What types of properties are available?
The properties in South Denver are a mix of C-Class homes, condos, and apartments. The properties here are priced average for the city, making them a great option for both new and experienced investors to consider.
What other benefits are there?
While South Denver is very much still a dense urban area, it holds true to the city's general appeal of proximity to the outdoors. With access to Ruby Hill Park, Washington Park, and more, residents can have all the luxuries of the city while still enjoying abundant greenspace.
Cherry Creek
Where is it located?
Cherry Creek is located southeast of the city center and is well known as being one of the most upscale neighborhoods in Denver. With access to some of the best shops, restaurants, and businesses the city has to offer, Cherry Creek is one of the most beloved areas in all of Denver. Much like the rest of Denver, Cherry Creek also features many parks, golf courses, and plenty of entertainment, all with the benefit of larger property lots and the extra space that comes with distance from downtown.
What types of properties are available?
Properties here are almost entirely A-Class, single-family homes, although there are some new apartment complexes to consider. Properties here are consistently priced higher than average for the city. Due to their high price, it may be more difficult for newer investors to get their foot in the door.
What other benefits are there?
In addition to being one of the most popular, upscale neighborhoods in the Denver area, Cherry Creek is an excellent area for families. That’s thanks to the great public schools and tight-knit neighborhoods, featuring primarily single-family homes with yards that offer plenty of space to grow. Cherry Creek is also known for its expansive park, Cherry Creek Park, as well as the famous Cherry Creek Mall. These features encapsulate all there is to love about down: easy access to the outdoors, culture, dining, and entertainment.
Final Thoughts: Best Places to Invest in Denver
Denver has plenty of areas for investors to choose from with a variety of features, price points, and cultures. With such a wide variety of neighborhoods and properties to choose from, investors have the option of both more affordable options and higher-priced opportunities. Each area, at its own distance from downtown, also has its very own subculture. Investors can expect to find affluent neighborhoods, culturally rich and historical scenes, and suburban nature havens alike. Long story short: each locale has its own unique pros and cons. To get the best feel for where you’d like to invest, it always helps to talk to an expert who has boots-on-the-ground knowledge and knows each neighborhood like the back of their hand. Essentially, we’d love to connect with you! Our Denver team is always happy to help and answer any questions you might have.
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