Calibrate Real Estate announces that Greg Johnson and Kyle Malnati represented the Seller in their disposition of a 20-unit apartment building at 833 Emerson Street in Denver, Colorado. The Buyer is a well established real estate family with six decades of multifamily real estate ownership in Denver, and they had been searching for “the right building” with Kyle and Greg for over a year. More details about this sale are provided below:
833 Emerson Old Marketing Brochure
Denver Neighborhood: Capitol Hill
Address: 833 Emerson Street, Denver, CO 80218
Sale Date: June 7, 2017
Sale Price: $3,750,000 (List Price: $4,000,000)
Price/Unit: $187,500
Price/SF: $320.08
CAP Rate: 4.85% (Proforma: 5.52%)
# of Units: 20
Unit Mix: 17-1Br/1Ba, 3-2Br/1Ba
Building Size: 11,716* SF
Lot Size: 10,100* SF
Year Built: 1964
Parking Spaces: 20
*Buyer to verify accuracy of square footage*
PROPERTY HIGHLIGHTS:
– Located in the hear of Capitol Hill, between Cheesman Park and Governors Park
– Convient to retail: Starbucks, King Soopers, Dazbog, Snarf’s Sandwiches, Potager, Park Tavern and more!
– Ample off-street parking (20 spaces)
– Mix of one and two bedroom units
– Currently owner managed
– Coin operated shared laundry on-site
Kyle Malnati (303-358-4250)
Greg Johnson (303-810-1328)
Kyle@CalibrateRE.com
Greg@CalibrateRE.com
http://www.DenverApartmentBuildingsForSale.com
Calibrate Real Estate
900 E. Louisiana Ave. #203, Denver, CO 80210
http://www.CalibrateRE.com