Apartment building sale Denver - Cloud 8 Apartments
Posted on Thu, Jun 23, 2011
2451 South Gaylord Streetis a 10-unit apartment building located adjacent to the Denver University Campus. The multifamily property was originally constructed in 1958 and includes 9-2Br/1Ba units and 1-4Br/2Ba unit. The apartment building had received several capital improvements by Seller in recent years, including a new roof, new windows and several unit improvements. In addition, the property included 4-off street covered parking spaces and a one car garage.
Joe Hornstein, commercial real estate brokers for Pinnacle Real Estate Advisors inDenver, assisted the Buyer (local investor) in the transaction. The transaction closed on June 23, 2011 with contract price of $1,060,000 or $106,000 per unit and $110 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 or jhornstein@pinnaclerea.com.
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