14-Unit Apartment Building Sold in Commerce City

6981 Ash St, Commerce City, CO 80022

Commerce City, CO – May 20, 2024 – Kaufman Hagan is pleased to announce the sale of 6981 Ash St, a 14-unit multifamily apartment complex in the heart of Commerce City. The sale price was $1,905,000, averaging at $136,071 per unit and $164 per square foot.

Kaufman Hagan Broker, Katon Patel represented the Seller in this transaction.

“We are thrilled to announce the recent sale of a prime 14-unit apartment building in Commerce City, marking yet another milestone in the thriving real estate landscape of this rapidly growing area. Representing a fusion of strategic location and a well-balanced unit mix, this property stood as a beacon of value-add potential for the seller, offering a golden opportunity to capitalize on the burgeoning multifamily market of Commerce City.

The acquisition of this asset presents boundless possibilities for the new owner. With ample room for expansion and enhancement, they are poised to leverage this investment to its fullest potential amidst the dynamic growth of Commerce City.

Notably, this sale marks the second successful multi-family transaction for KH Commercial/ Katon Patel in Commerce City for the year 2024. This achievement underscores our commitment to excellence and proficiency in navigating the complexities of the real estate market, delivering unparalleled value to our clients.

As Commerce City continues to flourish, we are excited to witness the transformative impact this acquisition will have on the local community and beyond.”

Katon Patel, Broker, Kaufman Hagan Commercial Real Estate

For more information on this transaction, or to discuss multifamily investing, please contact Katon Patel at 720-495-6150 or katon@khcommercial.com.


SALE HIGHLIGHTS

  • Property Type: Multifamily
  • Closed Date: May 20, 2024
  • Property: 6981 Ash St, Commerce City, CO 80022
  • Sale Price: $1,905,000
  • Units: 14
  • GBA: 11,604 SF
  • Price / Unit: $136,071
  • Price / SF: $164

SOLD BY

Katon Patel
Broker
720-495-6150 | katon@khcommercial.com


LOCATION


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