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Denver Multifamily Asset Sells After Three Days on the Market

Posted by Unique News Team on June 21, 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 brokered the Sale of a 4-unit multifamily asset located at 1825 South Monroe Street in Denver, Colorado. After receiving multiple offers from qualified buyers in just three days, the Property sold above asking price for $700,000 or $175,000 per unit. The transaction closed on May 31, 2016.

1825 South Monroe Street consists of four, 2-bedroom units averaging 850 square feet. Located in the University Park Neighborhood, the Property is in close proximity to Interstate 25, Lightrail stations, and the restaurants/shopping amenities of Colorado Boulevard. The seller owned the Property for over twenty years and decided to capitalize on the current record high market prices. The Buyer plans to execute extensive unit renovation to increase value and rental rates.

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