Just Sold: 8-Unit Multifamily Property in Denver, CO Closes for $1,400,000

Address: 1270 N Logan St., Denver, CO 80203
Sale Price: $1,400,000
Close Date: August 21, 2024
Total Units: 8 ($175,000/Unit)
Property Size: 5,110 SF ($274/SF)
Current Cap Rate: 5.7%
Pro Forma Cap Rate: 6.6%
Property Type: Multifamily

Denver, CO – August 21, 2024 – NorthPeak Commercial Advisors is pleased to announce the sale of 1270 N Logan St., Denver, CO 80203.

Jack Sherman and Hunter Schaefer of NorthPeak Commercial Advisors worked with the buyer in this transaction.

“I’m excited for my client who is buying this property to add to his existing portfolio in central Denver. He plans to stabilize this deal by renovating the units, improving the quality of life for the tenants, and raising rents to market. At $175k/unit for this location, I think he is going to do well in the immediate and long term.”
– Jack Sherman, NorthPeak Commercial Advisors.

For more information on this investment or current market conditions, please contact Jack Sherman at 303-903-9638 or Jack@NorthPeakCRE.com.