Lofty 326-332 S Alcott St

Fully Occupied 4-Unit Apartment Building in Denver, Colorado

Offering Details

Derek Scruggs is transferring his property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
Tokens represent direct ownership in the LLC that owns the property. Derek will maintain at least 10% ownership in the LLC indefinitely.
View the LLC documents here.

Fully occupied fourplex with tenants paying $1,350 - $1,500/month in rent.
Well-maintained, updated, and located in a highly desirable southwest Denver, close to shopping, parks, Ruby Hill, Overland, excellent ethnic dining, Light Rail, and downtown.
All-brick property featuring hardwood flooring on main levels, open floor plans, newer windows, hot water heater, and roof; garden-level units with daylight windows for added brightness.
Coin-operated common laundry room with commercial-grade units for additional profitability.
This neighborhood in Denver offers a vibrant community with diverse cultural experiences, affordable housing, and convenient access to downtown amenities and employment opportunities.
Residents enjoy ample recreational options, including parks like Ruby Hill, and benefit from local schools and community-focused amenities, making it an ideal area for families and individuals alike.

Derek "DJ" Scruggs is an entrepreneur, real estate investor and software developer based in Fayetteville, Arkansas. Prior to moving there, he lived in Denver and Boulder for 20 years. He bought this particular property in 2018 and lived there until 2021. He also is the asset manager and part owner of an apartment complex in Branson, MO.

This property has a loan balance of $544,750. View the loan documents here
As the seller, Derek Scruggs pays down 100% of the loan payments, his equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors have the ability to change this structure via a governance vote.

Unit 326
- 1 year lease (01/02/2024 - 01/31/2025)
- $1,500/month
- $695 Security Deposit
- Lease Agreement
Unit 328
- 1 year lease (10/19/2024 - 10/31/2025)
- $1,350/month
- $1,350 Security Deposit
- Lease Agreement
Unit 330
- 1 year lease (01/02/2024 - 01/31/2025)
- $1,500/month
- $655 Security Deposit
- Lease Agreement
Unit 332
- 1 year lease (01/02/2024 - 01/31/2025)
- $1,500/month
- $1,275 Security Deposit
- Lease Agreement