Denver, CO – March 30, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of Congress Park Apartments, located in Denver, CO.
Senior Advisors Conner Piretti & Greg Johnson (NorthPeak Commercial Advisors) represented the Seller in this transaction.
“The Seller is a repeat client of ours who was able to turn a profit in just over two years. Recent renovations and the desirable Congress Park location made this an attractive asset for the Buyer.” – Conner Piretti, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Conner Piretti at 303-818-1805 or Conner@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Closed Date: April 1, 2021
- Address: Congress Park Apartments, 1137 Columbine Street Denver, CO 80206
- Number of Units: 17
- Property SF: 9,342 SF
- Sale Price: $3,525,000
- Price Per Unit: $207,353
- Price Per SF: $377
- Cap Rate: 4.4%
