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 our last newsletter was published. These transactions occurred within the 2nd Quarter of 2015 (3/15/2015-6/15/2015).
Capitol Hill – Denver Apartment Building Sales:
6 properties sold ($164,886/unit Average)
6/11/2015 – 830 Clarkson St. – 7 Units – Price: $719,000 ($102,714/Unit)
5/04/2015 – 1145 Ogden St. – 17 Units – Price: $4,711,941 ($277,173/Unit)
5/04/2015 – 1153 Ogden St. – 6 Units – Price: $1,663,059 ($277,177/Unit)
5/04/2015 – 929 Marion St. – 43 Units – Price: $7,475,000 ($173,837/Unit)
4/17/2015 – 1235 Washington St. – 28 Units – Price: $2,300,000 ($82,143/Unit)
3/23/2015 – 1224-1232 E. 13th Ave. – 18 Units – Price: $2,750,000 ($152,778/Unit)
Congress Park – Denver Apartment Building Sales:
4 properties sold ($187,843/Unit Average)
6/15/2015 – 1320 Garfield St. – 12 Units – Price: $2,800,000 ($233,333/Unit)
6/10/2015 – 3417 E. 14th Ave. – 3 Units – Price: $530,000 ($176,667/Unit)
5/05/2015 – 1281 Columbine St. – 24 Units – Price: $4,750,000 ($197,917/Unit)
3/19/2015 – 1306 Elizabeth St. – 12 Units – Price: $1,500,000 ($125,000/Unit)
City Park and Uptown – Denver Apartment Building Sales:
4 properties sold ($137,200/Unit Average)
5/28/2015 – 1521 Humboldt St. – 13 Units – Price: $1,919,000 ($147,615/Unit)
5/18/2015 – 1861-1863 Clarkson St. – 8 Units – Price: $1,171,000 ($146,375/Unit)
5/18/2015 – 1537 Pearl St. – 6 Units – Price: $615,000 ($102,500/Unit)
4/15/2015 – 1536 Williams St. – 12 Units – Price: $1,645,800 ($137,150/Unit)
Washington Park – Denver Apartment Building Sales:
3 properties sold ($135,000/Unit Average)
3/12/2015 – 550 E. 3rd Ave. – 42 Units – Price: $5,250,000 ($125,000/Unit)
3/12/2015 – 50 Corona St. – 22 Units – Price: $3,000,000 ($136,364/Unit)
3/12/2015 – 25 Emerson St. – 16 Units – Price: $2,550,000 ($159,375/Unit)
Cherry Creek and Hale – Denver Apartment Building Sales:
2 properties sold ($182,432/Unit Average)
5/28/2015 – 840 Cherry St. – 17 Units – Price: $2,400,000 ($141,176/Unit)
4/17/2015 – 195 Jackson St. – 20 Units – Price: $4,350,000 ($217,500/Unit)
For more detailed information about Apartment Building Sales 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 (303-343-8333)
Madison & Company Properties
1221 South Clarkson Street, #300, Denver, CO 80210
kmalnati@madisonprops.com
gjohnson@madisonprops.com
http://www.MadisonProps.com