Calibrate Real Estate announces that Greg Johnson and Kyle Malnati have successfully facilitated the sale of a 12-unit apartment building located at 1363 Gaylord Street in Denver, Colorado. This 12-unit building is a stunning example of the beautiful historic charm Cheesman Park has to offer.

With the help of Calibrate Real Estate, a repeat client was able to purchase this property to add to the family’s large portfolio of apartment buildings in Central Denver. This property was previously occupied by a clergy group who operated the building as residences for its members. The building was 100% vacant at Closing, and the Buyers are very excited to begin the leasing process. 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 and Greg Johnson have completed with this loyal client over the past year.

See below for more details on this sale;

Denver Neighborhood: Cheesman Park
Address: 1363 Gaylord Street, Denver, CO 80206
Sale Date: October 4, 2017
Sale Price: $3,100,000
Price/Unit: $258,333
Price/SF: $303.36
# of Units: 12
Building Size: 10,219* SF
Lot Size: 12,500* SF
Year Built: 1926
Zoning: G-MU-3
*Buyer to verify accuracy of square footage. Square footage data was obtained from Denver County Assessor’s website.*

UNIT BY UNIT RENT ROLL:
All 12 units were vacant at time of closing

PROPERTY HIGHLIGHTS:
– Remarkable location, walking distance to Cheesman Park
– Featuring 10 2Br/1Ba units and 2 1Br/Ba units
– Impeccable hardwood and double pane windows in all units
– Community laundry for tenants

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