SOLD: 160 S. Emerson St. (12-Units)

Calibrate Real Estate announces the sale of a 12-unit building located in Denver, CO, at 160 S. Emerson Street. Kyle Malnati was hired by a local Seller to advocate for and protect her family’s legacy after 38 years of ownership. At today’s Closing, the Seller said she made two great decisions:
1. Hiring Calibrate Real Estate to market and negotiate for her
2. Choosing an all-cash Buyer out of several compelling offers

The Brokers at Calibrate work diligently to maintain trusted relationships in the real estate community and that includes other apartment brokerage firms.

“Many multifamily brokers have earned a bad reputation for working with a small pool of “pocket” buyers and intentionally excluding other brokers. I was very intentional about including brokers that we know, like, and trust at our first day of showings as it is of great benefit to our client,” commented Kyle Malnati.

Calibrate has a great relationship with brokers at Pinnacle Real Estate Advisors and happily co-op’d this transaction. This apartment community is the Buyer’s 4th multifamily acquisition in Denver and will be managed by another friend of Calibrate: Cornerstone Apartment Services. 

For more details on this rare Wash Park sale, please see below; 

160 S. Emerson St – Marketing Brochure

Denver Neighborhood: West Washington Park
Address: 160 S. Emerson Street, Denver CO 80209
Sale Date: 6/12/2019
Sale Price: $2,200,000
Price/Unit: $183,333.33
Price/SF: $244.77
# of Units: 12
Building Size: 8,988 SF*
Lot Size: 6,250 SF*
Year Built: 1961
*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 $865/Month
2: 1Br/1Ba $950/Month
3: 1Br/1Ba $840/Month
4: 1Br/1Ba $765/Month
5: 1Br/1Ba $940/Month
6:  1Br/1Ba $965/Month
7: 1Br/1Ba $930/Month
8: 1Br/1Ba $940/Month
9: 1Br/1Ba $865/Month
10: 1Br/1Ba $890/Month
11: 1Br/1Ba $1060/Month
12: 1Br/1Ba $965/Month
 
PROPERTY HIGHLIGHTS:

– Incredible West Wash Park Location 
– Unit Mix: 11 One Bedrooms & 1 Studio
– All Corner Units with Lots of Natural Light
– Close Proximity to Cherry Creek, DCC, Wash Park, & Downtown Denver
– Nearby Restaurants: Carmines on Penn, Lucile’s, and Blackbird Public House
– New Roof and Windows 

Kyle Malnati 
303-358-4250 | Kyle@CalibrateRE.com

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

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