Sold Price: $1,125,000

I represented the Seller on the sale of this 6 unit apartment building in City Park West/Uptown that was grossing close to 100k/annually.

Once the sale was completed my Seller finalized a reverse 1031 exchange (replacement property was bought first, then this building was sold afterwards).

This was a bittersweet deal because I helped the Seller buy this building over 10 yrs ago too. The new owner has extensive experience with older properties and plans to continue preserving the property for future generations to enjoy.

Interested in Denver apartment buildings for sale? Reach out to discuss further…

Offered @ $1,075,000

Here’s your chance to own a classic all brick triplex in Denver with a great central location, only blocks to many of the top restaurants/shops/bars on 6th Ave and everything Wash Park offers less than a mile away.

Both the main level unit and the upper level unit have 2 bedrooms and a full bath. The basement unit has a side entry and is a 1b/1b. All tenants have access to laundry in the basement.

This building works great for an owner occupant or an investor who wants to add an A+ assets to their portfolio.

Reach out directly to schedule a showing or for financials.

Offered @ $1,195,000

Value Add Opportunity on a great block in City Park West/Uptown! This converted 6 unit offers 3 studio units on the main level and 3 one bedroom units (with lofts) on the second level. All tenants have access to a coin operated (Seller owned) washer/dryer in the basement. Seller is in the process of updating all units once leases come due, currently 4 of the 6 units have been updated. This is a great walkable location to all the hots spots on 17th, City Park, and several hospital/health care providers. This is a great asset without having to do anything, it’s currently bringing in close to 100k annually!!

Sold Price: $1,440,000

I represented a long time friend/client on the acquisition of this 6 unit apartment building in the Cheesman Park/Capitol Hill area of Denver. All units are very spacious, offer a good unit mix, include washers/dryers in all units, and have private outdoor decks/patios for each unit/tenant to enjoy. There is some room to push rents and some capital improvement opportunities to help push future rents as well.

From the Denver Post yesterday:

Nationally, median monthly rents went from $817 in 2009 to $1,163 in 2021, a gain of 42%. Denver’s gain was 82%, going from $856 a month to $1,554. That jump, almost double the pace experienced nationally, was second to only San Jose, the hub of California’s Silicon Valley, where monthly rents went up 85%, from $1,360 to $2,511.

If you’re interested in Denver Investment Properties lets discuss what options could work for you and get started growing your retirement portfolio!

Offered @ $1,295,000

Here’s your chance to own a unique property offering four units walking distance to all the hot spots in the Highlands! At the front of the property you have a classic bungalow with two bedrooms on the main level and a separate one bedroom unit in the basement. Off the alley is a two story detached carriage house with one bedroom on the main level and another one bedroom on the second level. All four units have access to a shared washer and dryer. Two off-street parking spots with a privacy/security gate makes parking easy off the alley. This is a great opportunity for an owner occupant who lives in one unit themselves and rents out the other three, or an investor looking to add a Class A property to their portfolio. Location can’t be beat, don’t wait on this one!

Sold Price: $1,150,000

I represented the Buyers on this purchase who purchased as an owner occupant (they plan to live in 1 of the 4 units as their primary residence).

My clients are planning on fixing up all 4 units as they become available over the next few yrs, then raising rents to market rates, and potentially doing the same process all over again while keeping this building as a cash flowing investment.

Lets talk about interest rates and how those affected this deal….we were able to get a large Seller concession to buy my client’s rate down through a 3-2-1 buy down. My clients have a 3% interest rate for the first year which allows them to live essentially mortgage free (the 3 other units are paying the mortgage through their rent payments) the first yr, which then allows them to put $$ back into the property that they might not have with our current market rates.

If you have desire, motivation, and dreams to get ahead in life, this scenario is for you! Reach out to discuss further, I’m Not Hard To Find.

List Price: $1,190,000

Sales Price: $1,114,000 (Represented Buyer)

This multi unit quad is centrally located between City Park to the North, Cheesman Park to the southwest, and Congress Park directly to the south. This income property offers a great unit mix between 1 and 2 bedrooms. There is also several value add scenarios my client plans to address in the coming years. Cap Rate off the purchase was right around 5%; however, after the Buyer addresses some of the value add scenario this Cap should increase by a point or two. At that point it might make sense to sell through a 1031 exchange and get into a larger building without having to pay capital gains on the proceeds/profit.

Are you interested in cash flowing apartment buildings? Value add scenarios? If so, reach out and lets discuss…

Sold Price: 482k

I represented the Buyers on this off-market Denver duplex for sale. Rents are below market rates and there are value add opportunities to allow the new Buyers to gain some sweat equity fixing it up. Once remodeled, rents will then be able to be raised to fair market rates giving the Buyers above average returns.

Interested in Denver Investment Properties? Message me below to discuss further.

Brian represented the Seller on this Sunnyside triplex for sale which resulted in 5 offers over a market rate asking price. Prior to the sale the Seller did add some capital improvements to the project that certainly paid dividends in the end.

If you’re interested in purchasing or selling income property and want to work with an agent who specializes in these types of transactions, reach out to Brian below to discuss.

Sold Price: $905,000

I operated as a transaction broker between Buyers & Sellers on this 5 unit Denver apartment building for sale in the Jefferson Park and Sloans Lake areas of Denver.