Denver, Colorado is a growing city with a booming real estate market. The population of Denver increased by nearly 20 percent between 2010 and 2020. It’s easy to understand why; the quality of life in Denver is hard to beat. There’s natural beauty, lots of outdoor recreation, and everything that a major city offers to visitors and residents.
If you're a real estate investor looking for opportunities to invest in Denver's top areas, it's important to know that some neighborhoods are going to be better than others when it comes to identifying the best opportunities and attracting the best residents.
As Denver property management experts, we’re closely analyzing the data and insights that we gather about the current market and its trends. Here’s a list of up-and-coming neighborhoods where you can invest your money and get a good return on your investment. Check out these hidden investment opportunities in Denver.
Invest in the River North Art District
River North Art District (RiNo) is a neighborhood in Denver that has become an art hub, featuring murals, galleries, and spaces for artists. It also has a booming nightlife with brewpubs, restaurants, and live music venues. The area has seen a lot of changes in the last few years and has attracted the attention of developers, making it a great place to invest in real estate.
Residents who like an eclectic, diverse vibe will be eager to rent a home here.
Sun Valley Rental Homes
Sun Valley is a neighborhood located just south of Mile High Stadium. It has gone through a lot of changes over the years, and it's now on the rise. It’s an excellent neighborhood for investors to find affordable homes, and the local residents in Denver will choose this neighborhood when they’re looking for affordable housing that’s centrally located and close to conveniences, shopping, and stores. It’s just a few minutes from downtown Denver as well.
Invest in West Colfax Real Estate
There’s a lot of development and new construction in West Colfax, making this another neighborhood that’s great for investors. The area has a mix of residential and commercial development, including breweries, restaurants, and coffee shops. The proposed Light Rail expansion project is also slated to make stops in this neighborhood, which will bring economic growth to the area and provide an incentive for residents who prefer public transportation to cars.
Globeville as a Growing Neighborhood
Globeville is another neighborhood in Denver that is undergoing major infrastructure changes. It's an excellent location for investors who want a good value; it’s possible to buy an investment property in Globeville without going over budget. Residents love this neighborhood for its cultural diversity and the revitalization efforts have provided amenities such as community centers, schools, and parks.
Berkeley as an Investment Opportunity
Berkeley is known for its history and the old homes and buildings that can be found in this neighborhood. You will have to anticipate some extra details around your repairs and renovations – this is common with older homes, but the neighborhood makes an ideal investment opportunity for its location and its charm. It has everything from antique stores to dive bars and a great mix of property types. Among the historic old homes, investors will also find high-end condominium communities that are fairly modern.
Denver is a city with great investment opportunities no matter what neighborhood you choose. But, if you're looking for up-and-coming neighborhoods with great potential, this list is a great place to start.
Let’s talk about your investment goals and how we can help you achieve them in Denver. Please contact us at PURE Property Management of Colorado.
