Capstone has closed the sale of Union Block, a 7,632 SF mixed use property for the sale price of $3,100,000. Jason Koch of Capstone represented the Seller on the transaction.
This unique property was built in 1891 and located in the heart of the Lower Highlands, one of the most desirable neighborhoods in Denver. The building consists of 4 multifamily units with a great unit mix of one 1 bed/1 bath, one 2 bed/1 bath, one 3 bed/2 bath and the Penthouse Suite with 3 bed/2 baths. There are also 2 retail units on the ground level. The seller renovated each unit that captures views of Denver Skyline, Riverfront Park and Commons Park. It is also zoned for short term rentals providing opportunity to increase NOI.
Union Block is conveniently located on the corner of Umatilla Street & Boulder Street. At 1501-1503 Boulder St & 2902-2908 Umatilla St. It is walking distance to some of Denver’s hottest restaurants and boutiques.
Please call or email today to find out how we are different than the average apartment advisors.
About Capstone:
The goal of Capstone is to help generate, maintain, and increase the value and profitability of our clients’ multi-housing investment properties. To do so, we provide comprehensive multi-housing advisory services in asset acquisition and development, strategic ownership decisions, market insight and positioning, property value analysis, and disposition brokerage to support our clients in every stage of ownership. This comprehensive multi-housing-focused service offering paired with our relentless drive to win on behalf of our clients is what sets us apart from pedestrian brokerage firms. Capstone simply put: Expertise. Experience. Extra-Mile.
