Denver, CO – October 1, 2020 – AQYRE Real Estate Advisors is pleased to announce the sale of a 10-unit apartment building, located at 7710 W 35th Avenue in Wheat Ridge, Colorado for $1,617,000.
AQYRE REA Advisor Hunter Schaefer brokered the transaction working with both buyer and seller, along with Principals Kevin Calame and Matt Lewallen (AQYRE).
“This was a classic value-add deal in a growth area. The buyer was in a 1031 exchange and happy to improve their cash flow in a market with limited available inventory. The seller was happy to simplify their investments with a smooth off market sale.” – Hunter Schaefer, AQYRE Real Estate Advisors.
For more information on this investment or current market conditions, please contact Hunter Schaefer, AQYRE Real Estate Advisors at 720.738.1943 or Hunter@AQYRE.com.
SALE HIGHLIGHTS
- Address: 7710 W 35th Avenue Wheat Ridge CO 80033
- Sale Price: $1,617,000
- Price/Unit: $161,700
- Price/SF: $210
- Current CAP Rate: 5.8%
- ProForma CAP Rate: 6.8%
- Investment Type: Multifamily
- Building Size: 7,714 SF
- Units: 10
- Year Built: 1974
- Large units with walk in closets, skylights, and either patios or balconies
- Located in a growth area – new development across the street
- New roof and windows 2017
Location
Photos
For more information on this investment or current market conditions, please contact Hunter Schaefer, AQYRE Real Estate Advisors at 720.738.1943 or Hunter@AQYRE.com.
