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6137 14th Street Frederick, CO 80530
PHOTO GALLERY
Investment Highlights
Unmatched Quality:
Built to exceptional standards, D.R. Horton’s homes feature premium cabinetry with crown molding, granite countertops, a suite of stainless-steel appliances, and smart-home technology. Each home is designed with energy efficiency in mind and includes an attached 2-car garage.
Strong Demographics:
Carriage Hills is situated in a thriving community with a median household income of $95,177 and 47% of households earning $100,000 per year or more, indicating a strong local economy and affluent resident base. Population is projected to grow a significant 13.9% by 2028 and an additional 14.8% from 2028 to 2033, ensuring a growing demand for high-quality rental properties.
Investor Demand for Single-Family Rentals:
Driven by shifting consumer preferences towards more flexible and spacious suburban living environments, the single-family rental asset class (SFR) is experiencing a surge in investor interest. SFR homes generate stable cash flow and tend to have lower vacancy rates compared to traditional multifamily investments as tenants often commit to longer leases, all of which ultimately produce higher rental yields and property value appreciation over time.
Strong Historical & Projected SFR Performance:
While traditional multifamily rents are expected to decline in 2024, SFR rents are projected to increase 3.5% and are forecast to surpass traditional multifamily rent growth by an average of 2.2% annually over the next four years. With a notable average occupancy rate of 96.3% since 2018, the single-family rental sector has shown superior performance by outpacing the traditional multifamily occupancy rate of 94.7% over the same period.
Notable Connectivity:
Located less than three miles off Interstate-25, Carriage Hills residents are nearly equidistant to the metro areas of Denver, Boulder, & Fort Collins. Residents will also appreciate the proximity and ease of access to Denver International Airport.
THE OPPORTUNITY
Carriage Hills, located in Frederick, CO, presents a unique investment opportunity in the burgeoning Denver/Longmont/Boulder area. This proposed single-family rental community by America’s #1 homebuilder, D.R. Horton, features 40 units, with a mix of spacious three-bedroom and four-bedroom homes, each designed with modern living in mind. Set to begin deliveries in October 2024, these homes boast premium finishes including granite countertops, stainless steel appliances, and smart home technology, ensuring appeal to high-quality tenants seeking luxury and convenience.
Frederick, CO, is an increasingly desirable location due to its strategic position within the dynamic economic corridor between Denver, Longmont, Boulder, and Fort Collins offering residents access to robust employment opportunities as well as scenic landscapes and vibrant community life. Frederick offers a serene suburban atmosphere combined with easy access to urban amenities, making it an attractive place for a diverse community of residents. The absence of a homeowner’s association, maintenance of common spaces by the Metro District, and public roads throughout the development add to the hassle-free living experience, enhancing the property’s attractiveness to potential tenants.
Investing in Carriage Hills means capitalizing on the area's strong growth potential. The Denver/Longmont/Boulder/Fort Collins corridor is experiencing significant economic expansion, driving demand for high-quality rental housing. The community’s premier level of materials and energy-efficient features, such as a tankless water heater, high-efficiency gas furnace, and smart home features not only cater to environmentally conscious consumers but also offer long-term savings on utility costs. With comprehensive warranties and a commitment to quality, Carriage Hills represents a sound investment in Colorado’s thriving real estate market.
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HIGHLIGHTS
OPPORTUNITY
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PRIVACY
TERMS OF USE
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PROPERTY
LOCATION
Black Hills Energy, Individually Metered Based on Usage
United Power, Individually Metered Based on Usage
Town of Frederick, Metro District Based on Usage
Utility Billing Structure
Gas
Electric
Water/Sewer
Waste Connections, Metro District
Parking
450
Open Surface Parking
1.63
Parking Ratio
90
Covered Carports
$45
Covered Carport Fee
Common Trash
School Zoning
Parking
St. Vrain Valley School District REI-J
District
Spark! Discovery Preschool
Preschool
Thunder Valley K-8
K-8
Frederick High School
High School
2-Car per Home
Attached Garage
Yes
Driveway Parking
40
First Deliveries Est. 4Q24
Single Family Rental
1 & 2-Story Single Family Homes
5 Single-Story | 35 Two-Story
88,467
6.33
276,160
Units
Year Built
Style
Stories
Buildings
Gross Leasable Area
Acreage
Land SF
Concrete Slab
Foundation
Pitched, Composite Shingle
Roof
Fiber Cement Lap Siding
Exterior Walls
1st Floor 9’ | 2nd Floor 8’
Ceiling Height
Individual Forced Air Furnaces
Individual Forced Air Furnaces
Mechanical Systems
Hot Water
PROPERTY INFORMATION
6137 14th Street Frederick, CO 80530
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Nick Steele
Managing Director
303.689.8306
nick.steele@berkadia.com
Mortgage Bankers:
Christopher Ellis
Senior Managing Director
303.689.8317
christopher.ellis@berkadia.com
Matt Schildwatcher
Managing Director
303.689.8324
matt.schildwatcher@berkadia.com
Nate Moyer
Director
303.689.8320
nate.moyer@berkadia.com
Investment Advisors:
1331 17th Street
10th Floor
Denver, CO 80202
Phone: 303.689.8312
Fax: 303.689.8352
Denver Office
CONTACT Info
Individual Condenser Units
Cooling
Xfinity/Comcast, Individual
Internet, Phone, Cable
CARRIAGE HILLS
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Highlights
PROPERTY
PHOTO GALLERY
UNIT MIX
Floorplan
Type
Pro Forma Rent/SF
# of Units Available
% of Unit Mix
Stories
Pro Forma Rent
Adair Pendleton Chatham Bellamy Holcombe Gable
3 Bed / 2 Bath 3 Bed / 2.5 Bath 4 Bed / 2 Bath 4 Bed / 2.5 Bath 4 Bed / 2.5 Bath 4 Bed / 2.5 Bath
$2.09 $1.42 $1.75 $1.55 $1.46 $1.41 $1.49
2 10 3 9 9 7 40
5% 25% 8% 23% 23% 18%
1 2 1 2 2 2
$2,700 $3,150 $3,100 $3,300 $3,500 $3,550 $3,306
Size (SF)
1,291 2,219 1,774 2,124 2,398 2,525 2,212
Pro Forma Rent/SF
% of Unit Mix
Stories
Pro Forma Rent
$2.09 $1.42 $1.75 $1.55 $1.46 $1.41 $1.49
5% 25% 8% 23% 23% 18%
1 2 1 2 2 2
$2,700 $3,150 $3,100 $3,300 $3,500 $3,550 $3,306
Photos displayed is an example of a similar nearby community built by D.R. Horton.
Photo displayed is an example of a similar nearby community built by D.R. Horton.
Tankless Water Heater
Heat
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