Calibrate Real Estate announces the sale of an 17-unit apartment building located in the DU neighborhood, at 2465 S. Gaylord Street. Greg Johnson & Conner Piretti worked with the Buyer in this transaction.

A cash offer and expedited due diligence period allowed this sale to close in less than a month. This was our 3rd successful transaction with this client in 2019. This fully-renovated property, located one block from the DU campus, is an ideal investment for our client. 

For more details on this transaction, please see below: 

Denver Neighborhood: DU
Address: 2465 S. Gaylord Street, Denver, CO 80210
Sale Date: 12/20/2019
Sale Price: $3,525,000
Price/Unit: $207,352
Price/SF: $303.46
# of Units: 17
Building Size: 11,616 SF*
Lot Size: 11,875 F*
Year Built: 1957
*Reader to verify accuracy of square footage. Square footage data was obtained from Denver County Assessor’s website.*

UNIT BY UNIT RENT ROLL:
1: 2Br/1Ba $1,435/Month
2: 1Br/1Ba $1,150/Month
3: 1Br/1Ba $1,123/Month
4: 2Br/1Ba $1,435/Month
5: VACANT
6: 1Br/1Ba $1,175/Month
7: 1Br/1Ba $1,130/Month
8: 2Br/1Ba $1,423/Month
9: 2Br/1Ba $1,423/Month
10: 1Br/1Ba $1,15/Month
11: 1Br/1Ba $1,160/Month
12: 2Br/1Ba $1,375/Month
13: 2Br/1Ba $1,461/Month
14: 1Br/1Ba $1,212/Month
15: 1Br/1Ba $1,194/Month
16: 2Br/1Ba $1,372/Month
17: 2Br/1Ba $1,252/Month
 
PROPERTY HIGHLIGHTS:
– Turnkey Multifamily Asset – Fully Renovated
– Upside available in rents
– Mix of 1’s and 2’s
– Property located 2 blocks south of University of Denver in a rapidly growing neighborhood
– 5.8 Miles south of Downtown Denver

Calibrate Real Estate (303) 482-2828
2425 S. Colorado Blvd. #250, Denver, CO 80222
http://www.CalibrateRE.com
http://www.DenverApartmentBuildingsForSale.com