Just Sold: 840 N. Cherry St. (Denver 17-unit)

Calibrate Real Estate is proud to announce the sale of a 17-unit apartment building in Denver.

Kyle Malnati originally represented the Seller when they purchased this property in 2015 and they experienced a gain of $625,000 with this sale!

During her ownership, the building’s value appreciated over $10,400 per month! Not bad over the course of 5 years right?

840 N. Cherry St. – Marketing Brochure

Property Details:

Neighborhood: Hale/Mayfair
Address: 840 N. Cherry Street, Denver CO 80220
Sale Price: $3,025,000
Price/Unit: $177,941
CAP Rate: 3.68%
# of Units: 17

INVESTMENT HIGHLIGHTS:

  • 17 One Bedroom Units in Denver’s Charming Hale/ Mayfair Neighborhood
  • Near Trader Joe’s, Safeway, King Soopers and Sprouts
  • 11 Private Off-Street Parking Spaces
  • Close Proximity to Large Employer: Rose Medical
  • On-Site, Owner-Owned, Luxury Laundry Equipment
  • New Windows on Building Front
  • Non-Smoking Building
  • Prime Central Denver Location
  • Building is Equipped with Community WiFi and Sprinkler/Drip System
  • Close Proximity to New AMC Multiplex to Open Soon

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