Apartment building sale in Denver - The Doormax Apartments
Posted on Thu, Jun 09, 2011
4321 East Hale Parkway is a classic 15-unit apartment building located in the Mayfair neighborhood adjacent to Rose Medical Center. The multifamily property was originally constructed in 1953 and includes 11-1Br/1Ba and 4-2Br/1Ba units. The apartment units are above in average in size, include 760 sf average for 1Br units and 912 sf for 2Br units. In addition, the property included 8-off street covered parking spaces and 7-off street uncovered parking spaces.
Joe Hornstein, commercial real estate brokers for Pinnacle Real Estate Advisors in Denver, assisted the Seller (local investor) in the transaction. The transaction closed on June 9, 2011 with contract price of $1,450,000 or $96,666 per unit and $95 per square foot. The physical mailing address is 4321 East Hale Parkway and the legal address of this property is 1170 Bellaire Street.
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 or jhornstein@pinnaclerea.com.
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