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…

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!