Denver Apartment Building Sales: City Park, Five Points, University of Denver, and Park Hill neighborhoods.
Denver Apartment Buildings For Sale website published its 4th 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 have occurred since the last newsletter was published by Kyle Malnati and Greg Johnson. These transactions occurred in the 3rd and 4th Quarters of 2014 (specifically from 9/1/2014-12/15/2014).
City Park – 5 Points: Denver Apartment Building Sales
2 properties sold: Averages – $176.39/SF; $125,000/Unit
9/22/2014 – 407-455 29th St. – Units: 33 – Price: $4,050,000 ($176.12/SF; $122,727/Unit)
11/17/2014 – 1620 Detroit St. – Units: 10 – Price: $1,325,000 ($177.21/SF; $132,500/Unit)
DU Neighborhood: Denver Apartment Building Sales
1 property sold
12/3/2014 – 2455 S. Gaylord St. – Units: 10 – Price: $1,500,000 ($154.94/SF; $150,000/Unit)
Park Hill: Denver Apartment Building Sales
2 properties sold: Averages – $209.40/SF, $172,368/Unit
12/2/2014 – 1530 Krameria St. – Units: 13 – Price: $2,200,000 ($205.61/SF; $169,231/Unit)
12/4/2014 – 1522 Fairfax St. – Units: 6 – Price: $1,075,000 ($217.61/SF; $179,167/Unit)
This blog post is an excerpt from the 4th Quarter Central Denver Apartment Market newsletter which gets published four times each year by Madison Commercial Properties. This newsletter chronicles eighteen transactions during the Fall of 2014 in five of Central Denver’s primary neighborhoods [1). Capitol Hill, 2). City Park and 5 Points, 3). University of Denver, 4). Park Hill, and 5). Washington Park].
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