Just Sold – Cornell Apartments, 2930 W Cornell Ave, Denver
Denver, CO – February 28, 2022 – Kaufman Hagan Commercial Real Estate is pleased to announce the sale of Cornell Apartments, located at 2930 W Cornell Ave in Denver, Colorado.
Kaufman Hagan Broker Brandon Kaufman represented both the Buyer and Seller in this transaction. The sold price per unit is a record for pre-80’s construction in this area.
“The buyer of this property aggressively pursued this deal off market because of active development in the area and a rapid increase of rents projected over the next 18 months. The unit mix is very attractive with majority 2 bedroom units. The property provides opportunity for an additional upside in rents through minor renovation upgrades.”Brandon Kaufman, Kaufman Hagan Commercial Real Estate.
For more information on this transaction or to discuss multifamily investing, please contact Brandon Kaufman at 303-547-7357 or firstname.lastname@example.org
- Property Type: Multifamily
- Closed Date: February 28, 2022
- Property: Cornell Apartments, 2930 W Cornell Ave, Denver, CO 80236 | 18 Units | 15,468 SF
- Sale Price: $3,690,000
- Price/Unit: $205,000
- Price/SF: $239
- Cap Rate: 4.9%