1320 Garfield: Denver Apartment Building For Sale (Congress Park)
Showings for 1320 Garfield Street will start this Friday 4/10/2015, and the call-for-offers deadline is next Friday 4/17/2015.
Showings for 1320 Garfield Street will start this Friday 4/10/2015, and the call-for-offers deadline is next Friday 4/17/2015.
Denver Apartment Buildings For Sale website published its 1st Quarter newsletter for 2015. The purpose of this newsletter is to provide insight on the direction of the Central Denver apartment sales market and to recap the transactions that have occurred since our last newsletter was published.
We have been getting rave reviews about The Kyle Malnati Show from Denver apartment investors. Have you tuned in yet? If you’re new to the show, it is a 10-15 minute informative session, broadcast monthly on YouTube, and is intended for both experienced multifamily apartment owners as well as novice, aspiring real estate investors.
The average multifamily sales price reached $127,275/unit in Central Denver, a remarkable 19% increase over 2013! The purpose of our newsletter is to provide insight on the direction of the Central Denver apartment market, and to highlight the transactions that occurred from 12/15/2014 to 3/15/2015.
Many apartment owners have expressed a belief that their older apartment buildings won’t be affected by all of the new construction going on in Denver. Particularly, they’ve told us that they are not concerned if developers have trouble filling up the new buildings because, “My apartments don’t compete with the new stuff.” But the data suggests otherwise…
We have provided a chart of where transactions have occurred in the past six years. Not surprising to Denver investors, Capitol Hill and West Washington Park lead our market in sales volume.
Two years ago we spotlighted the return of apartment construction. After a decade of minimal building, we saw 11,000 units in the pipeline. Fast-forward to today, and we’ve seen all of those and more (nearly 13,000 units) delivered over the past two years.
Kyle Malnati sits down for an interview with Ralph Larson. Ralph owns 35 units in a multifamily portfolio with his wife, Sharon. Ralph shares how he learned how to be a great real estate investor out of a hard lesson in the stock market.
Today, the Denver Metropolitan Commercial Association of REALTORS® (DMCAR), in conjunction with the Denver Business Journal, honored its top commercial real estate producers of 2014. Greg Johnson and Kyle Malnati were DMCAR’s #2 broker in the “Small Office” category and the #9 brokers in the “Multifamily” category.
“Greg Johnson and Kyle Malnati have assisted us in 6 multifamily transactions since 2010. Not only are they marketplace experts, which is why we initially sought them out, but they also truly want the best outcome for their clients. We appreciate their fair and honest approach and look forward to another transaction with them when the time is right.” – R&M