“The MacCarter | Kaufman Team Represented the Buyer”
Lakewood, CO (January 22, 2019) – Greystone Unique Apartment Group is pleased to announce the sale of Eagle Crest Apartments at 9699 W 16th Avenue. This 93-unit multifamily property is comprised of primarily two and three bedroom units and was purchased for $15,600,000 with a Freddie Mac loan assumption.
There was solid cash flow in place at the time of sale, though the buyer intends to conduct several cosmetic improvements in order to raise rents.
Eagle Crest Highlights:
- Sale Price: $15,600,000
- 93 Units (primarily 2 & 3 bedrooms each)
- $167,742 / Unit