Calibrate Real Estate announces the sale of a 8-unit building located in the Congress Park neighborhood, at 1115 Colorado Boulevard. Greg Johnson & Conner Piretti worked with both the Buyer and Seller in this off-market transaction. This property was beautifully maintained by the Seller during their 25-year ownership.

Each of the eight 1Bedroom/1Bathroom apartments are a large 900 SF and share a lovely courtyard and laundry for tenants. Six off street garages are also available for additional rental income. The Buyer is a repeat client of Calibrate in a 1031 exchange and for whom the building was the right size, location, and price. 

For more details on this transaction, please see below; 

Denver Neighborhood: Congress Park
Address: 1115 Colorado Boulevard, Denver CO 80206
Sale Date: 12/28/18
Sale Price: $1,570,000
Price/Unit: $196,250
Price/SF: $221.72
# of Units: 8
Building Size: 7,081 SF*
Lot Size: 8,910 SF*
Year Built:1938
*Reader 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 $1,100/Month
2: 1Br/1Ba $850/Month
3:  1Br/1Ba $1,175/Month
4:  1Br/1Ba $1,100/Month
5: 1Br/1Ba $1,225/Month
6:  1Br/1Ba $1,150/Month
7: 1Br/1Ba $1,100/Month
8: 1Br/1Ba Vacant

 
PROPERTY HIGHLIGHTS:
– Nicely maintained and large 900 SF 1Br/1Ba Units
– Private courtyard space for tenants
– Vintage charm including hardwood floors and original built-ins
– Great location on central Colorado Blvd. with quick access to downtown or the DTC
– 6 Garages for tenant rental and additional income

                                                   Greg Johnson & Conner Piretti                                                                                        Greg@CalibrateRE.com | Conner@CalibrateRE.com                           303.810.1328 | 303.818.1805

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