Calibrate Real Estate announces that Conner Piretti has successfully facilitated the off-market sale of a 6-unit apartment building located at 1401 Detroit Street in Denver, Colorado. This property is located in the ideal Congress Park neighborhood, one block off of Colfax Avenue with unlimited restaurants and shops. With easy access to Downtown Denver and only minutes from I-25. 

Calibrate Real Estate worked with the Seller and the Buyer on this transaction. This low maintenance property features recent upgrades and rare ample parking for tenants. The final sale price was $20,000 above the original list price for this beautiful property. 

See below for more details on this sale;

Marketing Brochure

Denver Neighborhood: Congress Park 
Address: 1401 Detroit Street, Denver Colorado 80206
Sale Date: February 23, 2018
Sale Price: $1,235,000 (List Price: $1,215,000)
Price/Unit: $205,833
Price/SF: $276.47
# of Units: 6
Building Size: *4,467 SF
Lot Size: *6,220 SF
Year Built: 1908
Zoning: U-RH-3A
*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/1Ba $845/Month
2: 1Br/1Ba $1,305/Month
3: 1Br/1Ba $1,265/Month
4: 2Br/1Ba $1,730/Month
5: Studio $850/Month
6: 1Br/1Ba $880/Month
Garage: $100/Month
  
PROPERTY HIGHLIGHTS:
– 5.7% Current CAP Rate with Huge Upside in Rents
– Amazing Congress Park Location
– Great Unit Mix – (1) Two Bedroom, (4) One Bedrooms, (1) Studio 
– 8 Surface Parking Spaces and One Garage 
– Low-Maintenance Property 

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