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Rene Apartments Acquired for $1,500,000; Greystone Unique Apartment Group Represents Both Buyer & Seller of 7 Units in Central Denver

Posted by Unique News Team on December 8, 2017
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Denver, CO (December 8, 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 7-unit multifamily asset located at 1282 Saint Paul Street in Denver, Colorado. The Property sold for $1,500,000 or $214,285 per unit and closed on December 5, 2017. Niklas MacCarter of Greystone Unique Apartment Group represented both the seller and buyer in this transaction.

 

Rene Apartments is an immaculately maintained, value add asset in Denver’s highly desirable Congress Park neighborhood. Constructed in 1938, the Property has a unit mix of three (3) oversized one-bedroom units, four (4) oversized two-bedroom units and five parking garages. Located at the intersection of 13th Avenue and Saint Paul Street, Rene Apartments allows easy access to Downtown Denver, Cherry Creek and within two blocks of all the East Colfax and Colorado Boulevard amenities. The buyer intends to raise rents to market value and hold the property for long term cash flow.

 

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

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