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35-Unit Multifamily Asset Sells for $3,850,000

Posted by Unique News Team on December 2, 2016
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Littleton, CO (November 29, 2016) — Greystone Unique Apartment Group, multifamily division of Unique Properties, Inc., Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, recently represented the Seller and Buyer of a 35-unit multifamily asset located at 5599 South Windermere Street in Littleton, Colorado. The Property sold for $3,850,000 or $110,000 per unit and the transaction closed on November 16, 2016.

The Property was marketed for less than 2 weeks and several offers were presented due to a great unit mix, turn-key condition and excellent location. 5599 South Windermere has a unit mix of twenty-five (25) one bedroom units averaging 525 square feet, nine (9) one bedroom units averaging 595 square feet and one (1) two-bedroom unit averaging 725 square feet. The 19,938-square foot property was in turn-key condition, the Seller had renovated 26 of the 35 units and added new stairs, parking lot, laundry room, security fence and electronic entry system. The Property is located minutes from Downtown Littleton and the RTD Littleton/Downtown Station.

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