Apartment Building Sales in Littleton - 5228 South Fox Street
Posted on Thu, Jul 22, 2010
5228 South Fox Street is a 40 unit apartment building located adjacent to Progress Park in Littleton. The multifamily property was constructed in 1971 and consists of 34 – 1Bed/1Bath and 6 – 2Bed/1Bath apartment units. The property received multiple offers and closed for $50,000 over list price. The transaction closed on July 22, 2010 with contract price of $1,850,000 or $46,250/Unit and $74.19/SF.
Josh Newell, commercial real estate broker and Senior Advisor for Pinnacle Real Estate Advisors in Denver, assisted the out-of-state Seller in the transaction. Newell commented that “in this market, it’s rare to see multiple offers competing with each other, but Fox Manor had some very attractive renovations that fueled the bidding war despite the poor operating history.”
For more information on this apartment building sale in Denver or other Colorado commercial real estate transactions please contact Josh Newell at 303.962.9555.
To view a current list of our apartment buildings for sale in Denver, visit: www.pinnaclerea.com/featured-listings.