Joe Hornstein & Bobby Hutchinson announce the following apartment building sale in Denver: 1321 Detroit Street
Posted on Fri, Nov 06, 2009
The Town Club Apartments, located at 1321 Detroit Street in the Congress Park neighborhood of Denver, is a 17-unit apartment building built in 1965. The Town Club Apartments sold for $975,000 or $57,353/unit. The property had no vacancies and was an 8.1% capitalization rate at the time of sale. Joe Hornstein & Bobby Hutchinson represented the Buyer, Parklane Residence, LLC. This transaction closed on November 6th, 2009.