Denver – Nexus Commercial Realty, LLC, has closed on the sale of the Myrtlewood
Apartments, a 12,308 SF multifamily property for the sale price of $2,020,000. Austin Smith
of Nexus represented the Seller, Double D Apartments LLC, Sean Holamon represented the
buyer, IH Holdings 12 LLC. Nexus found this deal off the open market and presented the
value add opportunity to the buyers who had previously expressed interest in this type of
acquisition.
1021-1041 S Eliot Street is a 16-unit multifamily property consisting of 8 two bed units, 7 one
bed units and 1 studio. The two bed units are 900 SF and the one beds are 700 SF. The
property is individually metered for electric and includes ample parking for the tenants.
The Myrtlewood Apartments is conveniently located in south Denver close to the intersection
of W Mississippi Ave and S Federal Blvd.
The buyer plans to renovate all units, make exterior upgrades and increase the value of the
property.
Please call or email today to find out how we are different than the average apartment
advisors.
About Nexus Commercial Realty, LLC:
Nexus is a full-service firm for the Multi-Family commercial real estate industry in Denver.
Our firm specializes in acquisitions, dispositions, seller rep, buyer rep, and advisory services.
We provide high caliber services to owners and investors delivered with the focused attention
only a privately-owned firm can offer. After operating successfully for over 25 years, our
Colorado roots are deep because our market experience in commercial real estate is firsthand.
This positions us to help clients reach their business and financial goals while ensuring their
best interests are always protected. As a team, we might not appear as your typical brokerage
– and that’s by design. Even though we’ve been in the industry for more than two decades, we
are as enthusiastic, energetic and collaborative as when we first started. At Nexus, there is no
internal competition because our purpose is aligned. This reduces internal competition and
makes us more productive on a per broker/agent basis. We love coming to work every day
because we love helping our clients achieve their goals. You might find us in jeans instead of
slacks, outside meeting people instead of in our office. We do things differently because we
are different.
For more information, please visit www.nexus-cr.com.
