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20-Unit Portfolio in Aurora Sells for $1,400,000

Posted by Unique News Team on June 21, 2016
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Aurora, CO  (June 9, 2016) — Unique Apartment Group (UAG), multifamily division of Unique Properties, Inc., Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, recently represented the buyer of a two building portfolio located at 1920 Chester Street and 1921 Clinton Street in Aurora, Colorado. The Properties sold for $1,400,000 or $70,000 per unit. The transaction closed on June 6, 2016.

Both buildings were constructed in 1970. 1921 Clinton Street consists of eight, 1-bedroom units with 5,070 net rentable square feet. 1920 Chester Street consists of one studio and eleven, 1-bedroom units with 29,314 net rentable square feet. The buildings neighbor each other and are located three blocks from East Colfax Avenue. Tenants have quick access to the Fitzsimons District of Aurora as well as the Stapleton Neighborhood. The buyer intends to stabilize the Properties by bringing units up to market rent and then cash flowing for the next few years.

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