We are proud to annouce the sale of a 16-unit apartment building located at 2477 Pierce Street in Edgewater CO. Kyle Malnati of Calibrate Real Estate represented the Seller and Boomer Beattty of Marcus and Millichap represented the Buyer.
The mission of Calibrate Real Estate is: “we exist to help people create generational wealth through real estate.” We believe that is our calling, our responsibility! At the core of our mission, we work with families. The Luethy family is our most recent example of how we love serving at Calibrate Real Estate.
2020 has been an interesting year for all of us. But it’s not all bad…4 sisters reunite to sign the second contract for the sale of their 50+ year family legacy property after the first one terminated 6 months prior.
Neighborhood: Edgewater
Address: 2477 Pierce Street, Edgewater CO 80214
Sale Price: $2,795,000
Price/Unit: $174,688
# of Units: 16
Building SF: 13,400 *
Lot SF: 30,303*
Year Built: 1963 & 1971
INVESTMENT HIGHLIGHTS:
• Legacy Asset (50+ years) of ownership by the same family
• Two 8-unit Buildings
• Condo Conversion Potential
• New, Advanced Hydronics High Efficiency Boiler System
• New Roof on Both Buildings
• Abundant Off-Street Parking
• 1 mile from Sloan’s Lake
• 1.5 miles to Lakewood Country Club
