Denver, CO (February 18, 2015) — Unique Apartment Group (UAG), 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 24-unit apartment building at 1650 South Albion Street in Denver, Colorado.
UAG represented both the undisclosed seller and buyer in this transaction. This off-market deal was sold for $2,190,000 or $91,250 per unit.
Constructed in 1961, the asset is a well-maintained, value-add property located by the intersection of Colorado Boulevard and Interstate 25. The building is within walking distance to public transportation, nearby grocery store, and many amenities. The building has a great unit mix of 6 studios, 9 one-bedrooms, and 9 two-bedrooms. The buyer plans on raising rents to market value.
To schedule an interview with a UAG 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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