fbpx

Updated 41-Unit Closes $300K Over Asking Price

Just Sold – Midtown Plaza Apartments, 1161 W 69th Ave, Denver

Denver, CO – April 22, 2022 – Kaufman Hagan facilitated the sale of Midtown Plaza Apartments, a 41 Unit Multifamily property located at 1161 W 69th Ave in Denver, for $9,100,000.

Kaufman Hagan Principal & Senior Advisor, Brandon Kaufman, represented both the Buyer and Seller in this transaction.

“Midtown Plaza went through an advanced marketing process which led to 15 offers and 3 above list. The Buyer of the was attracted to the turn key property because of the proven out proforma rents and long term upside in the location. All major systems were replaced and every unit was renovated, which made the escrow and due diligence period easy to work through.”

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 bkaufman@khcommercial.com


SALE HIGHLIGHTS

  • Property Type: Multifamily
  • Closed Date: February 28, 2022
  • Property Type: Multifamily
  • Closed Date: April 22, 2022
  • Property: Midtown Plaza Apartments, 1161 W 69th Ave, Denver, CO 80221 | 41 Units | 29,102 SF
  • Sale Price: $9,100,000
  • Price/Unit: $221,951
  • Price/SF: $313
  • Cap Rate: 5.41%

SOLD BY

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


LOCATION


REQUEST MORE INFO


    Share This

    Copy Link to Clipboard

    Copy