Calibrate Real Estate is pleased to announce the sale of this Lakewood 8-Unit apartment building.
This is our 6th transaction with this Buyer in the past year. The Buyer and Seller were Under Contract once before and the deal fell apart at inspection. Both parties came back to the table, and we were able to negotiate a $160K price reduction from our initial Contract price for our Buyer. This deal traded for pricing we haven’t seen in the Denver Metro multifamily market for some time ($105,000/Unit). The Buyer plans to do extensive renovations to the major systems, as well as the unit interiors.
Sam Bretz, Kyle Malnati, and Zack Jenkins of Calibrate Real Estate represented the Buyer in this transaction. We appreciate their continued trust, and look forward to many more deals together!
PROPERTY HIGHLIGHTS:
Sold Price: $840,000
- 8-Unit Apartment Building In Lakewood
- Consists of (8) 1Br/1Ba Units
- Easy Access to Colfax, 6th Ave, and I-70
- Dedicated On-Site Parking for Tenants
- Building Size: 3,645 SF*
- Lot Size: 24,019 SF*
- Year Built: 1922
*Reader to confirm all Square Footage. Data was used from public records
