Denver, CO (December 13, 2016) — Greystone Unique Apartment Group, multifamily division of Unique Properties, Inc., recently represented the seller and buyer of a 7-unit multifamily asset located at 849 Humboldt Street in Denver, Colorado. This off-market transaction sold for $1,450,000 or $207,142 a unit and closed on December 12, 2016.
849 Humboldt Street is a 5,735-square foot Victorian style property that was constructed in 1906. The Property consists of five (5) one-bedroom units and two (2) two-bedroom units. The seller added value to the Property by renovating all the kitchens, bathrooms and common areas with modern finishes and drastically increasing the rental rates. Located less than a block away from Cheesman Park, residents are within walking distance to the park, local restaurants, shops and other amenities. The buyer who was attracted to the location and turn-key status of the Property intends to continue operating as-is.