“Outside walkup” apartment buildings are a popular style of construction in Denver’s multifamily market. The outside walkup was built in Central Denver predominantly from 1965-1970 until the City/County of Denver changed it’s zoning code. After development of outside walkups diminished in Central Denver, developers built the outside walkup building model across the rest of the Denver metro area in the late 1960s and early 1970s.
Greg Johnson and Kyle Malnati have mastered the sale of the Central Denver outside walkup, and they have personally contributed to new price appreciation levels in 2015. Proof of their multifamily brokerage excellence is displayed in their last three outside walkup transactions:
840 Cherry Street (Sold: $141,176/unit)
– 17-unit Outside Walkup
– Well Maintained
– Ample Off-Street Parking
– Improving Rents
– Trending Hale/Mayfair Location
8 South Logan Street (Sold: $153,571/unit)
– 14-unit Outside Walkup
– Extensively Rehabbed Throughout
– Upgraded Kitchens and Baths
– 1:1 Parking Ratio (both Covered and Uncovered Spaces)
– Located on a Highly Visible Corner in West Wash Park
23-33 Pearl Street (Sold: $160,294/unit)
– 34-unit Outside Walkup
– Completely Renovated Apartments with High-End Finishes
– New Roof and New Boiler Systems
– Abundant Off-Street Parking (2/3 parking ratio)
– Exceptional West Washington Park Location
About Madison Commercial Properties:
Madison Commercial Properties is a Denver-based commercial real estate group 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 visit http://www.madisonprops.com or http://www.DenverApartmentBuildingsForSale.com.
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Kyle Malnati (303-358-4250)
Greg Johnson (303-343-8333)
Madison & Company Properties
1221 S. Clarkson St. #300, Denver, CO 80210
http://www.DenverApartmentBuildingsForSale.com
kmalnati@MadisonProps.com
gjohnson@MadisonProps.com
http://www.MadisonProps.com