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Cheesman Park Legacy 17-Unit Sells For Over $300K/Unit

3328 E 13th Ave, Denver, CO 80206

Denver, CO – April 7, 2022 – Kaufman Hagan facilitated the off-market sale of The Riviera Apartments, an 17 Unit Multifamily property for $5,130,000, located at 3328 E 13th Ave.

Kaufman Hagan Broker Gunnar Wilson + Principal & Senior Advisor, Brandon Kaufman represented the Seller in this transaction. The Riviera is considered a legacy building due to its enduring historical significance in Denver.

“The Riviera is being delivered 100% vacant, at a sales price over $300,000 per unit. It is a testament to the continuously rising multifamily market in Denver.”

Gunnar Wilson, Kaufman Hagan Commercial Real Estate

For more information on this transaction or to discuss multifamily investing, please contact Gunnar Wilson at 970-306-3787 or gwilson@khcommercial.com


SALE HIGHLIGHTS

  • Property Type: Multifamily
  • Closed Date: April 7, 2022
  • Property: The Riviera Apartments, 3328 E 13th Ave, Denver, CO 80206 | 17 Units | 21,144 SF
  • Sale Price: $5,130,000
  • Price/Unit: $301,765
  • Price/SF: $243
  • Cap Rate: Property was 100% vacant at sale

SOLD BY

Brandon Kaufman
Principal + Senior Advisor
303-547-7357 | bkaufman@khcommercial.com


LOCATION


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