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Wilcox Street Apartments Sell for $1,300,000; 12 Unit Apartment Complex Sells for the First Time in 17 Years!

Posted by Unique News Team on February 2, 2018
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Castle Rock, CO (February 2, 2018) — 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 12-unit multifamily asset located at 730 North Wilcox Street in Castle Rock, Colorado. The Property sold for $1,300,000 and closed on February 1, 2018. Brandon Kaufman and Nik MacCarter represented both the buyer and seller in this transaction.

 

730 North Wilcox Street is 8,573 square feet and was built in 1971. The Property consists of twelve (12) two-bedroom units that average 658 square feet. The fully occupied 3-story building is currently in need of both significant interior and exterior renovations. Ideally located at the intersection of Wilcox Street and 7th Street, Wilcox Street Apartments are in the heart of Castle Rock. Tenants are in walking distance to multiple amenities including restaurants, shops, and parks. The property is also equidistant from both Denver and Colorado Springs.

 

“After securing the listing, the Property had an offer within days of marketing. 730 North Wilcox Street is a great example of a value-add property in a submarket that has very little multifamily inventory. Investors were attracted to the prime location, strong demographics and the long-term yield,” stated Kaufman.

 

To schedule an interview with an advisor regarding this transaction or for more information about Greystone Unique Apartment Group, please contact: Brandon Kaufman at bkaufman@uniqueprop.com or 720.638.5527

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