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Lowell Colony Apartments Acquired for $3,000,000

Posted by Unique News Team on February 17, 2017
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Greystone Unique Apartment Group Represents Seller & Buyer of 24 Units in Westminster

Westminster, CO (February 17, 2017) — Greystone Unique Apartment Group, 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 24-unit multifamily asset located at 7495 Lowell Boulevard in Westminster, Colorado. The Property sold for $3,000,000 or $125,000 per unit and closed on February 15, 2017.

7495 Lowell Boulevard is a 17,523-square foot property constructed in 1960. The Property consists of fourteen (14) one-bedroom units averaging 650 square feet and ten (10) two-bedroom units averaging 750 square feet. Prior to the sale, there were numerous property improvements including new landscaping, paint, windows, lighting, and electric panel. Lowell Colony apartments are ideally located near the new B-Line of the RTD Light Rail system. The buyer intends to capitalize on the prime location by renovating the units and raising rents to market rates.

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