Apartment building sale in Denver - 753-755 Ash Street
Posted on Mon, Jan 31, 2011
753-755 Ash Street is a well located 4 unit Denver apartment building located one block from Rose Hospital and former University of Colorado Medical Center. The multifamily property was constructed in 1946 and consists of 4- 2Bedroom/1Bath apartment units. The property was a short sale transaction negotiated with Bank of America.
Joe Hornstein, Robert Lawson, Matt Ritter and Jeff Johnson, commercial real estate brokers for Pinnacle Real Estate Advisors in Denver, assisted both the Seller and the Buyer (both local investors) in the transaction. Mr. Hornstein represented the Seller and Mr. Lawson, Mr. Ritter and Mr. Johnson, represented the Buyer. The transaction closed on January 31, 2010 with contract price of $260,000 or $65,000 per unit and $83 per square foot.
For more information on this apartment building sale in Denver or other Colorado commercial real estate transactions please contact Joe Hornstein at 303.962.9547, jhornstein@pinnaclerea.com or The Johnson Ritter Team at 303.962.9537, johnsonritterteam@pinnaclerea.com.