The Denver Apartment Buildings For Sale website announces that Kyle Malnati and Greg Johnson of Madison Commercial Properties brokered the sale of another 12-unit apartment building in Central Denver.

The property is located at 1435 Franklin Street which is just one block north of Cheesman Park. The closing was held this week on Tuesday 1/26/2016 at Stewart Title. The property was sold “off-market” to RedPeak, a local multifamily owner and developer; RedPeak plans to fully renovate the entire building. More information is provided below:

1435 Franklin St. Off-Market Brochure

Denver Neighborhood: Cheesman Park
Property Name: Cheesman Suites
Address: 1435 Franklin St. Denver, CO 80218
Sale Price: $1,735,000
Sale Date: 1/26/2016
Price/Unit: $144,583
Price/SF: $190.62
# of Units: 12
Unit Mix: 11-1Br/1Ba; 1-Studio
Building Size: 9,102* SF
Lot Size: 5,870* SF
Year Built: 1962
Parking Spaces: 7 Off-Street
Link to Denver County Assessor’s Record
*Reader to verify accuracy of square footage. Square footage data was obtained from Denver County Assessor’s website.*

PROPERTY HIGHLIGHTS:
– Located 1 block from Cheesman Park
– 7 Off-Street Reserved Parking Spots
– Owner-Managed and Operated since 1976 (40 years!)
– Center Corridor with Secure Entry
– Shared Laundry Facility for Tenants
– Easy Roof Access Provides Potential for a Roof-Top Deck
– Vibrant Neighborhood with Restaurants, Bars, Concert Venues, and Entertainment within just a few blocks

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