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Arvada 5-Unit Multifamily Sells for $615,000

Posted by Unique News Team on April 7, 2016
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Arvada, CO (April 6, 2016) — Unique Apartment Group (UAG), multifamily division of Unique Properties, Inc., recently represented the seller and buyer of a 5-unit multifamily asset located at 5415 Carr Street in Arvada, Colorado. After receiving multiple offers from qualified buyers, the Property sold above listing price for $615,000 or $123,000 per unit. The transaction closed on April 1, 2016.

5415 Carr Street has a unit mix of one (1) studio unit averaging 700 square feet and four (4) large, two-bedroom units with balconies averaging at 1,150 square feet. The buyer plans on holding the property long term and performing some small unit upgrades. Located just blocks from Olde Town Arvada and the Gold Light Rail line, tenants enjoy a wide variety of restaurants, shopping, entertainment and transportation. The seller intends on exchanging into a 1031 and purchasing a larger property.

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