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Central Denver Apartments Acquired for $2,350,000; 14 Units in Five Points Neighborhood

Posted by Unique News Team on September 12, 2017
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Denver, CO (September 11, 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 14-unit multifamily asset located at 651 29th Street in Denver, Colorado. The Property sold at the listing price of $2,350,000 or $167,857 per unit and closed on September 8, 2017.

 
651 29th Street is a 9,957-square foot walk up style property that was constructed in 1959. The Property consists of eight (8) one-bedroom units averaging 550 square feet and six (6) two-bedroom units averaging 750 square feet. Located in the popular Five Points Neighborhood, 651 29th Street is one block away from the Lightrail station, minutes to Downtown Denver and surrounded by a variety of restaurants, shops, breweries and more. The buyer saw an opportunity to own a centrally located, value add asset in one of Denver’s most popular neighborhoods.

 
To schedule an interview with an advisor regarding this transaction or for more information about Greystone Unique Apartment Group, please contact: Nik MacCarter at nmaccarter@uniqueprop.com or 303.645.4785.

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