Apartment building sale in Littleton - 5531 South Delaware Street
Posted on Wed, Dec 29, 2010
The Reagle is a 12 unit Denver apartment building located in Littleton. The multifamily property was constructed in 1962 and consists of 4 – 1 Bedroom/1 Bath units and 8 – 2 Bedroom/1 Bath apartment units.
Josh Newell, commercial real estate broker and Senior Advisor for Pinnacle Real Estate Advisors in Denver assisted the local Buyer in the transaction. The Seller was represented by Unique Properties, LLC. The transaction closed on December 29th, 2010 with a contract price of $650,000 or $54,167 per unit.
The property had 5 vacancies at the time of sale. Newell stated that “the new owner plans to thoroughly renovate the property over the next 3 to 6 months.”
For more information on this apartment building sale in Denver or other Colorado commercial real estate transactions please contact Josh Newell at 303-962-9559.