Denver, CO (December 28, 2016) — Greystone Unique Apartment Group, multifamily division of Unique Properties, Inc., recently represented the seller and buyer of a 16-unit multifamily asset located at 2400-2426 High Street in Denver, Colorado. The Property sold for $2,825,000 or $176,562 a unit and closed on December 14, 2016.
2400-2426 High Street is an 8,900-square foot property constructed in 1953. The Property consists of four buildings with a total of sixteen (16) one-bedroom units averaging 520 square feet. The seller added value to the Property by extensively renovating the property, including interior and exterior. All units include modern finishes featuring new kitchens, bathrooms, paint and flooring. Additional improvements include new windows, exterior paint, new heating/cooling units, and new landscaping. Located just blocks from City Park, residents are within walking distance to the park, local restaurants, shops and other amenities. The buyer was attracted to the turn-key status, stable location, and exceptional location.