header_image

Your search results

Greystone Unique Apartment Group Represents the Sale of 22 Units in Central Denver Stabilized Asset in Five Points Neighborhood

Posted by Unique News Team on January 5, 2017
| 0

Denver, CO (December 28, 2016) — Greystone Unique Apartment Group, multifamily division of Unique Properties, Inc., recently represented the seller and buyer of a 22-unit multifamily asset located at 605 26th Street in Denver, Colorado. This off-market transaction sold for $2,550,000 or $207,142 a unit and closed on December 22, 2016.

605 26th Street is a 12,390-square foot vintage style property that was constructed in 1889. The Property consists of twenty-two (22) one-bedroom units averaging 550 square feet. The seller stabilized the Property by raising the rents to market values and attaining a 95% occupancy level. Located in the up and coming Five Points Neighborhood, the Property is less than a block from the Light Rail station and at the center of a neighborhood that is experiencing significant revitalization to blend old and new construction. The buyer saw a long-term opportunity to acquire a stabilized Property in a maturing neighborhood.

  • News Archive