Beautifully Renovated Denver Multifamily Asset Sells for $960,000
Denver, CO (July 7, 2016) — Unique Apartment Group (UAG), multifamily division of Unique Properties, Inc., recently represented the Seller of a 4-unit multifamily asset. The Property, 5th Avenue Flats, is located at 712-715 East 5th Avenue in Denver, CO. On June 30th the Property sold for $960,000 or $240,000 per unit.
Constructed in 1911, this turnkey, two story property consists of large renovated two bedroom units featuring hardwood floors, updated kitchens, and modern finishes. The property has 3,408 net rentable square feet and a unit mix of 4 two bedroom units. The units average 852 square feet. Tenants of 5th Avenue Flats enjoy their close proximity to Governor’s Park and Denver Country Club. The Buyer was drawn to the clean, cash flowing property and its great location. The property was 100% occupied at time of purchase.
To schedule an interview with a Unique Apartment Group broker, please contact Natalia Griffin at ngriffin@uniqueprop.com, 720.881.6320.
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