Just Sold: 840 N. Cherry St. (Denver 17-unit)

Calibrate Real Estate is proud to announce the sale of a 17-unit apartment building in the Hale/Mayfair neighborhood of Denver. Kyle Malnati conducted 23 showings with investors and brokers in December. We received four offers and went Under Contract with a 1031 Exchange Buyer after 1 week of marketing.

Kyle originally represented the Seller when they purchased this 8,949 SQFT property in 2015 and they saw a gain of 26% in just over 5 years with this sale!

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November in Review: Tenants Worry about Rent, Landlords still Struggling

Meanwhile, apartment owners face their own crises. The mom-and-pop landlords who rent out older and often more affordable small complexes were less likely to receive federal aid in the form of forbearance for federally-backed mortgages. And only about one-third of smaller property owners have federal loans, said Bob Pinnegar, President and CEO of the National Apartment Association.

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