Location
Denver, Colorado

Property Type
Residential Rental

Number of Units
426

Built
1970

Acquired
2012

View Property Website

Coughlin & Company identified a well-maintained apartment community with attractive grounds and abundant community amenities in a strong Denver sub-market, but with in-place rental rates that lagged its competition and potential.

Our Solution:
With an extensive program to renovate interior units that includes new kitchen cabinets, appliances, flooring and fixtures, an ambitious landscape improvement plan and a comprehensive program to address all deferred maintenance, Coughlin & Company has increased rents, occupancy & Net Operating Income to levels that have never been achieved before. The result is excellent cash-on-cash returns to investors and an improved living experience for residents.

Coughlin & Company acquired Monaco Lakes in October, 2012 and manages the property through its affiliate, Coughlin Property Management.