Depew on the Hill Apartments Acquired for $1,600,000

February 17, 2017

Greystone Unique Apartment Group Represents Buyer of 12 Units in Lakewood

Lakewood, CO (February 17, 2017) — Greystone Unique Apartment Group, multifamily division of Unique Properties, Inc., Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, recently brokered the sale of a 12-unit multifamily property located at 721 Depew Street in Lakewood, Colorado. The Property sold for $1,600,000 or $133,000 per unit and closed on February 13, 2017.

721 Depew Street is a 7,712-square foot property constructed in 1971. The Property consists of three (3) one-bedroom units averaging 475 square feet and nine (9) two-bedroom units averaging 620 square feet. Prior to the sale, the seller renovated the units featuring granite countertops, new white cabinets and new bathroom vanities. Located near the intersection of 6th Avenue and Sheridan Boulevard in Lakewood, residents enjoy proximity to the Lightrail station, Sloan Lake and West Colfax amenities. The buyer intends to complete minor exterior deferred maintenance and hold long term.

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