Calibrate Real Estate announces that Conner Piretti, Greg Johnson, and Kyle Malnati worked with both the Buyer and the Seller in this off-market sale of a 6-unit apartment building located on a 14,500 square foot lot at 1620-1632 Emerson Street in Denver, Colorado.

The Buyer purchased this property with funds from a 1031 Exchange. They are a well established real estate family, that owns several vintage apartment buildings in Central Denver. More details about this sale are provided below:

Denver Neighborhood: Uptown
Address: 1620-1632 Emerson Street, Denver, CO 80218
Sale Date: July 27, 2017
Sale Price: $1,550,000
Price/Unit: $258,334
Price/SF: $300.91
# of Units: 6
Building Size: 5,151* SF
Lot Size: 14,500* SF
Year Built: 1900
Zoning: G-RO-3
*Buyer to verify accuracy of square footage. Square footage data was obtained from Denver County Assessor’s website.*

UNIT BY UNIT RENT ROLL:
#1: 2Br/2B $1,600/Month
#2: 1Br/1Ba $1,200/Month
#3: 2Br/2.5Ba $1,700/Month
#4: Vacant (Under Construction)
Carriage House: 1Br/1Ba $1,200/Month
#1632: 1Br/Ba $685/Month

PROPERTY HIGHLIGHTS:
– Five Car Garage Fully Rented – Located On-Site
– Walking Distance to Neighborhood Restaurants, Entertainment, and Shopping.
– Vintage Building with Modern Updates
– Great Unit Mix (3 – 1Br/1Ba, 2 – 2Br/1Ba) Plus 1Br/Ba Carriage House

Calibrate Real Estate (303) 482-2828
900 E. Louisiana Ave. #203, Denver, CO 80210
http://www.CalibrateRE.com
http://www.DenverApartmentBuildingsForSale.com