Denver, CO – November 28, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 832-834 N Emerson Street, Denver, CO, 80218.
Dan Hawthorne of NorthPeak Commercial Advisors represented the buyer in this transaction.
“This was a unique deal that you don’t see every day. Considering there weren’t any historical financials and very limited due diligence, it was difficult to get a loan but we managed to get it done. Since the recent owner used to live in two of the units, the building itself is in great condition. The new owner plans to renovate and improve majority of the units and is thrilled to add this property to their current portfolio. The building offers spacious floor plans of mostly 1 Bd / 1 Ba units, ample off-street parking, and a great overall location in Cap Hill near the intersection of 8th and Emerson.”
– Dan Hawthorne, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Dan Hawthorne at 406-531-4246 or Dan@NorthPeakCRE.com
SALE HIGHLIGHTS
- Address: 832-834 N Emerson Street, Denver, CO, 80218
- Sale Price: $1,240,000
- Closed Date: November 21, 2022
- Number of Units: 7 ($177,142/Unit)
- Property Size: 4,893 SF ($253/SF)
- Property Type: Multifamily
