Denver – Nexus Commercial Realty, LLC, has closed the sale of 1179 S Raritan St, a 4,200 SF multifamily property for the price of $1,040,000. Benton C Adams and Austin Smith of Nexus represented the Seller.
The four-unit multifamily property consists of four 3-bedroom, 1-bathroom units and were all leased by section 8 tenants at the time of the sale. This property will set the benchmark for the neighborhood on price per unit.
1179 S Raritan St is conveniently located off of South Raritan Street and West Mosier Place in the Ruby Hill Neighborhood.
The buyer plans to make renovations to the asset and continue to operate it as an affordable housing apartment.
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