Denver, CO – April 7, 2022 – Kaufman Hagan facilitated the off-market sale of The Riviera Apartments, an 17 Unit Multifamily property for $5,130,000, located at 3328 E 13th Ave.
Kaufman Hagan Broker Gunnar Wilson + Principal & Senior Advisor, Brandon Kaufman represented the Seller in this transaction. The Riviera is considered a legacy building due to its enduring historical significance in Denver.
“The Riviera is being delivered 100% vacant, at a sales price over $300,000 per unit. It is a testament to the continuously rising multifamily market in Denver.” – Gunnar Wilson, Kaufman Hagan Commercial Real Estate.
For more information on this transaction or to discuss multifamily investing, please contact Gunnar Wilson at 970-306-3787 or gwilson@khcommercial.com
SALE HIGHLIGHTS
Property Type: Multifamily
Closed Date: April 7, 2022
Property: The Riviera Apartments, 3328 E 13th Ave, Denver, CO 80206 | 17 Units | 21,144 SF
Sale Price: $5,130,000
Price/Unit: $301,765
Price/SF: $243
Cap Rate: Property was 100% vacant at sale
About Kaufman Hagan Commercial Real Estate
Kaufman Hagan is a Denver-based commercial real estate brokerage, built by various industry leaders to create unique, high-value services for our investment partners and our brokers.
We drive disproportionate value to our partners through innovation, relentless effort, superior market knowledge and our belief in the value of owning every aspect of the client relationship.
