Apartment building sales in the Denver Metro area - The Kendall Apartments & The Clinton Apartments
Posted on Fri, Aug 12, 2011
1700-1790 Kendall Street is a 48-unit apartment complex that includes four 12-unit buildings located in Lakewood, CO. The multifamily properties were originally constructed in 1961 and include 24-3Br/1Ba, 20-2Br/1Ba units and 4-1Br/1Ba units.
Joe Hornstein, commercial real estate broker for Pinnacle Real Estate Advisors in Denver, assisted the Seller (private lender) and Buyer (local non-profit organization) in the transaction. The transaction closed on August 12, 2011 with contract price of $2,673,000 or $55,688 per unit and $59 per square foot. The Buyer used Neighborhood Stabilization Program (NSP2) funds to acquire the property and intends to make significant capital improvements to property and provide affordable housing to low income families.
1643 Clinton Street is a 12-unit apartment complex located in Aurora, CO. The multifamily property was originally constructed in 1963 and includes 11-1Br/1Ba units and 1-Studio unit.
Joe Hornstein, commercial real estate broker for Pinnacle Real Estate Advisors inDenver, assisted the Seller (private lender) in the transaction. The transaction closed on August 12, 2011 with contract price of $373,000 or $31,083 per unit and $49 per square foot.
For more information on these apartment building sales 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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To view a current list of our apartment buildings for sale in Denver, visit: www.pinnaclerea.com/featured-listings.
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