17 Unit DU Apartment Building Sells for $3.125M
Denver, CO – AQYRE Real Estate Advisors is proud to announce the sale of 2441 S York St Denver, CO 80210 for $3,125,000. Perfect as a student rental, 2441 S York St is located between the University of Denver campus and University Avenue, and is surrounded by nearby grocery, retail, coffee shops, bars, restaurants, Light Rail and I-25.
The property went under contract pre-Covid and through diligent efforts of all parties, we were able to navigate, inspections, appraisal, and financing, even while sheltering in place.
The buyer has strong faith in the future Denver and Denver University. He intends to renovate the remaining 4 units and will continue to provide high quality affordable student housing.”
AQYRE Principals Joe Hornstein and Scott Fetter teamed with AQYRE Advisor David Barocas to work with the seller while AQYRE Principals Matt Lewallen and Kevin Calame worked the buyer.
For more information on this investment or current market conditions, contact either Matt Lewallen at 720.738.1940 or Matt@AQYRE.com or David Barocas at 720.738.1947 or David@AQYRE.com.
SALE HIGHLIGHTS
Property Addresses: 2441 S York St Denver, CO 80210
Sale Price: $3,125,000
Sale Date: 06.04.2020
# Units: 17
Sale Price/Unit: $183,824
Building SF: 8,926
Sale Price/SF: $350.10
PROPERTY HIGHLIGHTS
13 of the 17 units are fully renovated
Excellent Denver University location
Good parking ratio
ABOUT AQYRE REAL ESTATE ADVISORS
We’re a collection of experienced real estate brokers committed to relationships built on results. We share a belief that our client’s goals take priority over our transaction results and we’ve been rewarded with long-term relationships with investors who trust us. As a brokerage, we are committed to remaining a small firm with high caliber individuals allowing investors more access to experienced advisors – we stress quality over quantity.
