Calibrate Real Estate is excited to announce the sale of a 5-unit apartment building at 1452 Detroit Street in the Congress Park Neighborhood. Conner Piretti & Greg Johnson represented the Seller in this transaction.
Calibrate is proud to be your resource for consistent and outstanding tenants, because your hard earned investment properties deserve the best! Below is our SEPTEMBER monthly update of recently leased properties in the Denver Metro Area:
Denver’s apartment market has been on the rise for nearly a decade. That run has some investors worried that we are now “late in the cycle”, anticipating that an inevitable downturn is on the horizon. However, there are several reasons to believe that the market will continue to push ahead.
Encouraging news was published in late July within the Apartment Association of Metro Denver’s 2nd Quarter Vacancy & Rent Report.
Brace yourselves – – new property tax assessments will be mailed the first week of May. Every two years the Denver County Assessor’s Office sends out their new valuation notices to property owners. Once again, we expect assessments will be higher than two years ago for most apartment owners in Central Denver.
Born in Mexico to immigrant agricultural laborers, Tony Ayon‘s family moved to a small town outside of Bakersfield California to star a new life working in a labor camp. Living […]
Calibrate Real Estate published it’s 2018Q4 report provides insight on the direction of the Central Denver apartment sales market and recaps transactions that have occurred since our last newsletter was published.
After six years of steady growth, in 2018 the Central Denver apartment market flattened out. Nearly 1,000 units were sold in 34 transactions, and the average price per unit was $182,938, a slight decrease from 2017’s average of $185,316.
Calibrate Real Estate published it’s 2018Q3 report provides insight on the direction of the Central Denver apartment sales market and recaps transactions that have occurred since our last newsletter was published.
As market influences, our clients often ask us, “where is the market heading?” That question stems from a concern that the next recession will occur soon. The Denver apartment market’s expansion phase has lasted for 7 years resulting in amazing appreciation for multifamily owners.