Falcon Run Apartments

ADDRESS 3494 West Quincy Ave
PRICE PER SF $205.42
CAP RATE 5.29%/6.12%


  • Falcon Run Apartments is a 94-unit apartment community located in the Sheridan neighborhood of Englewood in Arapahoe County, immediately south of central Denver. The property abuts the 8-acre Alice Terry Park, offering residents ball fields, a playground, and more just steps from the property. Built-in 1975, the property is comprised of five, two-story garden-style apartment buildings of wood frame construction with pitched composition shingle roofs situated on an area of 4.75 acres. There is a property management office on-site, and 116 grade-level parking spaces are available. The grounds are professionally maintained with lawn area and mature shade trees and shrubs surrounding the property.

    Falcon Run Apartments offers three spacious floor plans with a unit mix comprised of 40-one-bedroom / one-bathroom units measuring 642 square feet each, 47-two-bedroom / two-bathroom units measuring 949 square feet each, and 7-three- bedroom / two-bathroom units measuring 1,064 square feet each, for an overall average community size of 827 square feet per unit. Gas, electricity, and water are centrally metered, and the tenant pays a portion of all utilities including sewer and trash removal through a RUBS (resident utility bill back system) program. Unit amenities include individual air conditioning (PTAC units), central gas heating, individual gas hot water, wood laminate flooring and carpeting, walk-in closet(s), window treatments, high-speed internet access, semi-private entries, and patio door sliders to a patio/balcony. The all-electric kitchens are equipped with a refrigerator, range with oven, and dishwasher. Common area amenities, a swimming pool, lounge area, fitness center, playground, and two on-site laundry facilities. The property is pet friendly and fees and restrictions apply per the existing pet policy.

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