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
