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Lakewood Multifamily Asset Sells for $630,000

Posted by Unique News Team on June 8, 2016
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Lakewood, CO  (May 26, 2016) — Unique Apartment Group (UAG), 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 10-unit multifamily asset located at 1495 Balsam Street in Lakewood, CO. The Property sold for $630,000 or $63,000 per unit and closed on May 23, 2016.

1495 Balsam Street has 4,625 net rentable square feet and a unit mix of five studios averaging 362 square feet and five 1 bedroom units averaging 562 square feet. The Property was listed on the open market for less than a week before a buyer was procured and there were multiple offers. The Property is located directly off West Colfax Avenue and is in walking distance to the Wadsworth Lightrail Station. The Buyer intends to perform light interior and exterior renovations then raise the rents to market rates.

To schedule an interview with a Unique Apartment Group broker regarding this transaction or for more information about Unique Properties, Inc., from a corporate standpoint, please contact Natalia Griffin at ngriffin@uniqueprop.com, 720.881.6320.

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