Denver, CO, August 11th, 2020 – AQYRE Real Estate Advisors is pleased to announce the sale of an 8-unit multifamily property, located at 3435 W 4th Avenue, Denver, Colorado for $1,373,500.
Due to the fire that took place last year, the interior of the building was fully renovated including new electric and plumbing. In turn, this was a great opportunity for the buyer to own a quality asset that operates like a brand-new building and the seller to get an attractive price,” according to Dan Hawthorne, Advisor with AQYRE REA.
Listing brokers Dan Hawthorne & Jack Sherman represented the seller while Kevin Calame and Matt Lewallen represented the buyer.
For more information on this investment or current market conditions, contact Dan Hawthorne at 720-738-1941 or Dan@AQYRE.com.
SALE HIGHLIGHTS
Property Addresses: 3435 W 4th Ave, Denver, CO 80204
Sale Price: $1,373,500
Sale Date: 08.11.2020
Cap Rate: 5.1%
Sale Price/SF: $282
PROPERTY HIGHLIGHTS
All new electric
New plumbing (Pex Pipe)
New flooring, cabinets, carpet & walls
Roof was replaced in 2018 and a portion of it was repaired this year from the fire
New fence
New water heaters and furnaces
New landscaping with minimal upkeep
Convenient location near Barnum Park with easy access to 6th Avenue
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. We are not defined by our individual success; we are defined by the success of investors who we are fortunate to call clients.
