In April 2016, our clients purchased a Capitol Hill building by putting 25% down, and financing 75% of the purchase price with a loan at 3.55% annual interest, fixed for 5 years. Oh those were the days!
Encouraging news was published in late July within the Apartment Association of Metro Denver’s 2nd Quarter Vacancy & Rent Report. Drilling down further to the figures reported for buildings with less than 50 units (essentially removing the new construction) provides a clearer picture of how existing buildings are performing.
Thoughts of where the market is heading are increasingly on our clients’ minds. Is the Denver rental market about peak? Without a clear answer, it’s helpful to look at the factors that determine the direction of the market.
Prices continue to climb in the Central Denver apartment market. The average sale price has surpassed $185,000/unit. Despite increases in vacancy and interest rates, prices continue to climb, could Supply vs Demand be the cause?
Calibrate hosted an exclusive Tax event earlier this year with the goal of educating Calibrate clients and creating a sense of community for apartment building owners. The “main event” for the evening was a detailed presentation by Denver County’s Assessor, Keith Erffmeyer, which included everything you need to know about property taxes.
Almost every real estate listing can be distilled to three primary concerns for the Seller: price, time, and stress. The Seller of an apartment building at 9th Avenue and Washington Street presented Calibrate Real Estate with a challenge… “please find a no-drama, all-cash buyer and get this property sold in less than one month’s time!”
Calibrate hosted an exclusive Tax event earlier this year with the goal of educating Calibrate clients and creating a sense of community for apartment building owners. The “main event” for the evening was a detailed presentation by Denver County’s Assessor, Keith Erffmeyer, which included everything you need to know about property taxes.
Question… Denver Real Estate owners, how is real estate value assessed in Denver County? This video is an excerpt from a 1 hour presentation that we taped on Wednesday 4/29/2015. FYI: We’ve also provided links to the Keith Erffmeyer slideshow presentation and the Denver apartment sales booklet that was given to all event attendees.
How to Protest Denver County Property Taxes Successfully: – GRM: you can use 10-12 GRM – Do not use individual buildings from portfolio sales – Do not complain about “percentage […]