Calibrate Real Estate announces that Kyle Malnati and Greg Johnson have successfully facilitated the sale and purchase of a 2-unit apartment building located at 3434 W. 29th Avenue in Denver, Colorado.This brick duplex is and is three blocks away from the 32nd/Lowell retail district. (Sushi Hai, Salt & Grinder, El Camino, and many more!)
With the help of Calibrate Real Estate, the Seller (pictured above to the right) owned the property for 13 years and was able to complete this sale for his 1031 exchange deadline on the selection of a larger building here in Denver. The Buyer (pictured above to the left) was attracted to the property due its ideal location and strong rents.
Marketing Brochure
See below for more details on this sale;
Denver Neighborhood: West Highlands
Address: 3434 W. 29th Avenue, Denver, CO 80211
Sale Date: November 14th, 2017
Sale Price: $505,125
Price/Unit: $252,562
Price/SF: $273.34
# of Units: 2
Building Size: 1,848* SF
Lot Size: 6,250* SF
Year Built: 1940
Zoning: U-SU-B
*Buyer to verify accuracy of square footage. Square footage data was obtained from Denver County Assessor’s website.*
UNIT BY UNIT RENT ROLL:
A: 2Br/1Ba $1,835/Month
B: 1Br/1Ba $1,050/Month
PROPERTY HIGHLIGHTS:
– Remarkable location in the West Highlands neighborhood
– 2 car garage for tenant use
– Low maintenance investment with potential to owner occupy
– Close proximity to Highlands Square restaurants: Sushi Hai, El Camino, Sweet Cow, Three Dogs Tavern, and more!
Calibrate Real Estate (303) 482-2828
900 E. Louisiana Ave. #203, Denver, CO 80210
http://www.CalibrateRE.com
http://www.DenverApartmentBuildingsForSale.com