Thornton, CO – August 3, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of Baker 12 Apartments, located at 230-282 W Ellsworth Ave in Denver, CO.
Principals Joe Hornstein & Scott Fetter (NorthPeak Commercial Advisors) represented the Seller in this transaction.
“The Seller recently completed a great renovation on this property a few years ago and was able to sell the property at a premium price. The Buyer was able to step in and self-manage a turn-key property in one of Denver’s hottest neighborhoods and will do great long term.” – Joe Hornstein, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Joe Hornstein at 720-939-2943 or Joe@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Closed Date: August 3, 2021
- Address: Baker 12 Apartments | 230-282 W Ellsworth Ave, Denver, CO 80223
- Sale Price: $2,850,000
- Number of Units: 12 ($237,500/Unit)
- Property SF: 5,342 SF ($534/SF)
- Cap Rate: 4.91%
About Baker 12 Apartments
Baker 12 Apartments is a 12-unit apartment community located in the Baker neighborhood in Central Denver, Colorado. The property includes 4-Studios and 8 – 1Br/1Ba units.
The property was built in 1954 and are located on a 11,250sf lot zoned U-RH-2.5. The site is located just a couple blocks from the South Broadway retail district and across the street from Dailey Park, very close to downtown Denver.
