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Ballpark Multifamily Asset Sells for $1,010,000

Posted by Unique News Team on June 30, 2016
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Denver, CO (June 21, 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 seller and buyer of a 4-unit multifamily asset located at 2445 Lawrence Street in Denver, CO. After being marketed for less than two weeks, the Property sold for $1,010,000 or $252,000 per unit and closed on June 21, 2016.

2445 Lawrence Street has 3,160 net rentable square feet and a unit mix of 4 two bedroom units averaging 790 square feet. The turnkey Property is located in the Ballpark Neighborhood, just steps to Downtown Denver and Coors Field. Constructed in 1981, the Property is a two story brick building that had been fully renovated within the last year.  Interior finishes included modern backsplashes, hardwood floors, new paint, updated cabinets, countertops and more. After completing renovations, the Seller was attracted to the strong downtown values of multi-family assets. With all the activity surrounding the neighborhood, the Buyer was drawn to the long term potential of the area.

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