Calibrate Real Estate announces that Greg Johnson and Kyle Malnati have successfully brokered the sale of a 9-unit apartment building located at 1314 Elizabeth Street in Denver, Colorado. This beautifully maintained apartment investment has charming vintage architecture and desirable location in Denver’s Congress Park neighborhood.

Calibrate Real Estate with the Seller of 1314 Elizabeth Street

With our help, the Seller sold the property today for $1,450,000 MORE than he purchased it for in 2008 ($650,000 was his original purchase price). At Calibrate Real Estate we sincerely value repeat clients and are proud to say that this is the 4th real estate closing that Kyle Malnati has completed with this loyal client over the past decade. Our clients know how hard we work to ensure the smoothest transaction possible at the highest sales price, and this closing was a perfect example of achieving our objective.

The Buyer, not pictured, owns several buildings in Central Denver and has hired Brownstone Realty, LTD to manage the operations of the building. 1314 Elizabeth Street is located in one of Denver’s favorite neighborhoods, Congress Park. Unlike Capitol Hill and Uptown, Congress Park tends to have a more stabile single-family resident base which creates a more “relaxed” feel than some of Denver’s more-densely populated areas.

See below for more details on this sale;

Denver Neighborhood: Congress Park
Address: 1314 Elizabeth Street, Denver, CO 80206 
Sale Date: August 31, 2017
Sale Price: $2,100,000 (List Price: $2,000,000)
Price/Unit: $233,333
Price/SF: $245.56
# of Units: 9
Building Size: 8,552* SF
Lot Size: 6,250* SF
Year Built: 1906
Zoning: U-RH-2.5
*Buyer to verify accuracy of square footage. Square footage data was obtained from Denver County Assessor’s website.*

UNIT BY UNIT RENT ROLL:
#1: 1Br/1B VACANT
#2: 1Br/1Ba $1,200/Month
#3: 2Br/1Ba $1,685/Month
#4: 2Br/1Ba $1,650/Month
#5: 1Br/1Ba $1,025/Month
#6: Studio $950/Month
#7: 1Br/1Ba $1,060/Month
#8: 1Br/Ba $1,110/Month
#9: 1 Br/Ba $1,150/Month

PROPERTY HIGHLIGHTS:
– Great Unit Mix (2-2BR, 6-1Br, 1-Studio)
– Amenities for Tenants include: Laundry, Outdoor Patio, & Garages
– 85 Walk Score – 84 Bike Score
– Vintage Apartment Building with Updated Finishes

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