Denver, CO – December 17, 2021 – The Johnson-Piretti Team at NorthPeak Commercial Advisors announces the successful sale of 1630 Colorado Blvd, a 4-unit property a block away from Denver’s City Park.
This was their fourth successful transaction with the California-based seller.
“The spaciousness of each apartment allowed us to generate multiple offers on the property,” stated NorthPeak’s Greg Johnson. “We generated the highest price from an investor that will be an owner-occupant of the property,” added Conner Piretti, who noted that the local buyer was represented by The Abbey Collection at Compass Real Estate.
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
- Address: 1630 N Colorado Blvd, Denver, CO 80220
- Closed Date: December 17, 2021
- Sale Price: $1,200,000
- Number of Units: 4
- Price / Unit: $300,000
- Building Size: 4,420 SF
- Cap Rate: 5.10%
