SOLD: Stardust Apartments – 1121 N. Ogden St.

· by · in Commercial Properties Sold, Home. ·
Kyle Malnati with the Seller

Calibrate Real Estate announces the sale of the Stardust Apartments, a 17-unit building located at 1121 N. Ogden St. This property is conveniently located in central Denver surrounded by popular restaurants, shops, and parks with an ideal unit mix of studios, 1, and 2 bedrooms and features 11 private parking spaces.

“Kyle Malnati has represented me during my last several real estate transactions and I could not be more grateful having someone of his talent and experience on my side. He is constantly professional, extremely knowledgeable, very detailed-oriented, and always personable. … I look forward to a long business relationship with Kyle and see no reason to even consider anyone else in any of my future sale or purchases.”

– Seller of 1121 N. Ogden St.

1121 N. Ogden St. – Marketing Brochure

Kyle Malnati represented the Seller in their sixth successful transaction together. Our client originally purchased this property in 2013 for $1,977,425 and sold today for $4,000,000 realizing over $2 million in gains. In the time they owned the building, the value increased on average $21,068 per month. WOW!

Navigating complex transactions is Kyle’s specialty. When the first buyer decided this wasn’t the right deal for them, Kyle was able to secure a higher offer in less than 24 hours, $400,000 above list price! 

The Buyer was represented by CBRE and the property will be managed by Wheelhouse Commercial.

Neighborhood: Cheesman Park
Address: 1121 N. Ogden St, Denver CO 80218
Sale Price: $4,000,000
Price/Unit: $285,714
# of Units: 17
Building SF: 12,360 *
Lot SF: 9,375 *
Year Built: 1964

*Reader to verify accuracy of square footage

INVESTMENT HIGHLIGHTS:

  • 17 Unit Apartment Building Conveniently Located in Central Denver with Versatile Unit Mix Featuring: Studio, 1 & 2 Bedrooms
  • Tenant Amenities Include: Private Parking Lot and Shared Coin-Operated Laundry for Extra Income
  • 11 Private Off-Street Parking Spaces
  • Building Features: Newer Roof (2017), Newer Seller-Owned Laundry (2016), Security Monitoring System, Internal Hallway
  • Close Proximity to Denver Botanic Gardens, Capitol Building, Denver Public Library
  • Nearby Parks Include: Cheesman Park, Congress Park, Quality Hill Park
  • Popular Nearby Retail: Potager, Park Tavern, Snarf’s Sandwiches, Snarfburger, 7-Eleven, Sexy Pizza, Ideal Market, 3 Kilts Tavern