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Capitol Hill Multifamily Asset Sells For $977,500

Posted by Unique News Team on June 20, 2016
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Denver, 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 seller and buyer of a 5-unit multifamily asset located at 1109 Emerson Street in Denver, Colorado. The Property sold for $977,500 or $195,500 per unit. The transaction closed on June 6, 2016.

1109 Emerson Street consists of five, 2-bedroom units each averaging 900 square feet. The building was constructed in 1894 and is located in the heart of the Capitol Hill Neighborhood. The Seller completely renovated the Property prior to marketing it. The Property was sold with zero vacancy. Based on the recent improvements and steady cash flow, the Buyer plans to continue running the Property “as-is”.

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