Denver, CO – May 27, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1690 Eaton Street in Lakewood, CO.
Principals Scott Fetter & Joe Hornstein (NorthPeak Commercial Advisors) represented both parties in this transaction.
“1690 Eaton went under contract immediately upon hitting the open market. The Buyer knows the market and believes in the potential of the property long term as the location, just southeast of Sloan’s Lake, continues to improve. The Seller did a great job adding value to the units, pushing the rents for the large 2bd apartments and now can return a nice profit to his investors,” according to Scott Fetter, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Scott Fetter at 720-470-3646 or Scott@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Closed Date: May 27, 2010
- Address: 1690 Eaton St., Lakewood, CO 80214
- Sale Price: $3,205,000
- Number of Units: 16 | $200,313/Unit
- Property SF: 15,286 SF | $210/SF
- Cap Rate: 5.28%
