Properties/0604117023000
20Watch
Affordable

GRACE APTS

8888 E 13TH AVE·MHMP 13 GRACE APARTMENTS LLLP
Value
$9.0M
Denver assessor
Rolloff
2022
expired 4y ago
Units
53
$ / unit
$170K
assessor basis
Conv. Rank
39.0
0 → 100
Subsidy
LIHTC
RESIDENTIAL-APARTMENT
Urgency
expirednow2 yr5 yr15 yr+
8888 E 13TH AVE
HUD address
8888 E 13TH AVE
Assessor address
8888 E 13TH AVE
Parcel ID
0604117023000
Classification
RESIDENTIAL-APARTMENT
Assessed value
$8,994,100
Owner mailing
1600 BROADWAY STE 2000, DENVER, CO 80202-4929

Seller motivation

20Watch
  • Covenant expired+20
    Covenant rolled off 4 years ago (year 2022) — owner is free to sell at market without HB24-1175 friction.
Computed 6/11/2026

Composite scoring

Composite51.0Overall priority score: a weighted blend of the three strategy scores (leans Convert > Watch > Preserve) plus deal-level adjustments, computed during the scoring run.
Preserve72.5Strength as a preservation buy — acquire and keep it affordable (recap or covenant extension).
Convert39.0Strength as a conversion play — covenant rolls off and units can reprice to market. This is the table's Score column.
Watch63.0Monitoring priority — how closely to track this property for ownership or covenant movement.