Denver: Washington Park, Uptown, and University of Denver neighborhood apartment building sales.  The Denver Apartment Buildings For Sale website published its 1st Quarter newsletter for 2014.

The purpose of this newsletter is to provide insight on the direction of the Central Denver apartment sales market, and to recap the transactions that occurred in the 4th Quarter of 2013 and part of the 1st Quarter of 2014 (10/1/2013-1/31/2014).

Washington Park and University of Denver Apartment Building Sales: 6 properties sold: Averages – $174.41/SF – $123,707/Unit

1/28/2014 – 136 S. Pennsylvania St. – Price: $4,985,000 – Units: 36 ($216.09/SF $138,472/Unit)
12/20/2013 – 910 S. Pearl St. – Price: $1,350,000 – Units: 12 ($157.18/SF; $112,500/Unit)
11/22/2013 – 2156 S. University Blvd. – Price: $1,800,000 – Units: 17 ($150.00/SF; $105,882/Unit)
11/15/2013 – 966 S. Logan St. – Price: $1,400,000 – Units: 14 ($190.48/SF; $100,000/Unit)
11/1/2013 – 253 & 263 Grant St. – Price: $2,750,000 – Units: 27 ($127.97/SF; $94,827/Unit)
10/11/2013 – 6 Lincoln St. – Price: $5,900,000 – Units: 39 ($189.25/SF; $151,282/Unit)

Remarkably, there was a lower than usual amount of sales volume, only one, in Denver’s Uptown Neighborhood during the period (10/1/2013-1/31/2014):

1/31/2014 – 230-240 E. 19th Ave. – Price: $3,990,000 – Units: 34 ($244.49/SF; $117,353/Unit)

For more detailed information about Apartment Buildings For Sale in Denver, or to discuss your investment opportunities, please contact us at (303) 771-3850 or visit our website at: http://www.DenverApartmentBuildingsForSale.com

~Kyle Malnati (303-358-4250)
Greg Johnson (303-810-1328)
Madison & Company Properties
1221 South Clarkson Street, #300, Denver, CO 80210
kmalnati@madisonprops.com
gjohnson@madisonprops.com

Wash Park, DU, and Uptown Apartment Sales