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Florida Pointe Apartments Sell for $6,040,000

Posted by Unique News Team on July 14, 2016
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Denver, CO (July 7, 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 Florida Pointe Apartments a 56-unit multifamily property located at 9900 East Florida Avenue in Denver, CO. The buyer placed an offer on the property after less than two weeks on the market. The buyer purchased the Property for $6,040,000 or $107,857 per unit. On June 30, 2016 the Property officially traded hands.

Florida Pointe Apartments consist of four (4) stucco, two (2) story buildings on a 2.58-acre park-like setting. Tenants enjoy the Property’s center and grass courtyard. The Property has a unit mix of 40 one-bedroom units that average 630 square feet and 16 two-bedroom units that average 906 square feet. The building was constructed in 1957 resulting with the Seller executing some renovations which include new windows and exterior staircases. Tenants enjoy the convenient access that  Dayton Triangle neighborhood gives to the Denver Tech Center, Aurora and Central Denver. As a result of being surrounded by class A apartment complexes, the Buyer intends to update the exterior landscaping and units to achieve the market rents that the neighboring properties are currently reaching.

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