The Denver Apartment Buildings For Sale website is proud to report a sale of an apartment building in Congress Park that occurred earlier this week (Tuesday 4/29/2014)
Denver Neighborhood: Congress Park
Address: 1335 Monroe Street, Denver, CO 80206
Sold Price: $1,400,000
Listing Price: $1,390,000
# of Units: 12
Building Size: 10,415 SF
Lot Size: 5,941 SF
Year Built: 1961
Parking Spaces: 4
– Great Congress Park Location
– Walking Distance to Retail: TAG Burger Bar, Under The Umbrella Coffee, The Daily Scoop
– Spacious Floorplans with Abundant Closets
– Secure Entry with Call Box
– Parking Lot with 4 Spaces
MADISON COMMERCIAL PROPERTIES ANNOUNCES SALE OF 1335 MONROE STREET
PRESS RELEASE ISSUED on July 16, 2014 – Madison Commercial Properties announces the sale of the property at 1335 Monroe Street. The property, built in 1961, sold for $1,400,000, which equates to $116,667/unit.
Kyle Malnati and Greg Johnson, principals of Madison Commercial Properties, represented the Seller in the transaction. “Our client had owned the property for nearly 20 years, but decided the time was right to sell and take advantage of the high prices we are getting for apartment properties this year,” Mr. Malnati stated.
The property had been well-maintained and was in good condition at the time of sale. “The rents had slipped slightly below market, and the new owner has some opportunities to improve the financial performance,” added Mr. Johnson.
About Madison Commercial Properties
Madison Commercial Properties is a Denver-based commercial real estate firm specializing in apartment brokerage and investment sales in central Denver. Managed by Kyle Malnati and Greg Johnson, Madison Commercial Properties is a division of Madison & Co. Properties. For more information, please visitwww.madisonprops.com or www.DenverApartmentBuildingsForSale.com.
Madison Commercial Properties, Ltd. 1221 S. Clarkson Street, Denver, CO 80210 (303) 771-3850
~Kyle Malnati (303-358-4250)
Greg Johnson (303-343-8333)
Madison & Company Properties
1221 S. Clarkson St. #300, Denver, CO 80210