Just Sold: Vacant Apartment Building for $227,000/unit

The Denver Apartment Buildings For Sale website announces that Greg Johnson and Kyle Malnati of Madison Commercial Properties sold a 4-plex located in City Park West at 1634-1640 Race Street. Greg and Kyle represented the Buyer, who is interested in enhancing their portfolio. This property is vacant and sold for $906,000. Details below:

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Address: 1634-1640 Race Street, Denver, CO 80206
Sale Date: August, 2nd 2016
Price: $906,000
Price/Unit: $227,000
Price/SF: $167.22
# of Units: 4
Building Size: 5,418 SF
Lot Size: 6,250 SF
Year Built: 1910


Property Highlights: 
– Great location in quaint residential neighborhood
– Unit mix of 3 br, 2 ba and 1 br, 1 ba units which all include washer and dryers
– Beautiful hard wood floors in units
– The property features a detached 2-car garage and spacious private patio
– Walking distance to 17th avenue’s restaurants, cafes and coffee shops

*A tremendous thank you to Carolyn Carter of  Land Title Guarantee Company*

Greg Johnson (303-343-8333)
Kyle Malnati (303-358-4250)
Madison & Company Properties
1221 S. Clarkson St. #410, Denver, CO 80210