Denver, CO (December 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 6-unit multifamily asset located at 3390 South Pearl Street in Englewood, Colorado. The Property sold for $1,200,000 or $200,000 per unit and closed on December 6, 2017. Phil Dankner of Greystone Unique Apartment Group represented both the seller and buyer in this transaction.
Constructed in 1952 and fully renovated in 2016, the James featured six fully furnished short term rental units. All units were six (6) large one-bedrooms averaging 660 square foot and were uniquely themed. Neighboring Swedish Medical Center & Craig Hospital, the James was able to achieve above apartment market rents by operating as short-term rentals. The Property also featured community amenities such as dedicated parking, washer/dryers on each floor, keyless entry to all units, a pet area, and an outdoor fenced patio area with barbeques. The buyer was attracted to the prime location, current cash flow, turnkey condition and intends to operate the Property in the same manner.
To schedule an interview with an advisor regarding this transaction or for more information about Greystone Unique Apartment Group, please contact: Phil Dankner at email@example.com or 303.645.4796.