Denver – Nexus Commercial Realty, LLC, has closed on the sale of The Mayfair Apartments, an 18-unit, 12,056 SF property for the sale price of $3,800,000. Brandon Kaufman & Nik MacCarter of Nexus represented the Seller, Gunnar Wilson of Nexus represented the buyer.
This property, located at 1435-1445 Jersey St, has a unit mix of seventeen 2 bed/1 bath units and one 1 bed/1 bath unit. The property sold as a turnkey property soon after renovations. The Mayfair Apartments building is conveniently located off Colfax and Jersey St in the Montclair neighborhood.
This property was the up-leg in the Buyers 1031 exchange. The new owners plan to enjoy the cash flow this building provides as the neighborhood continues to grow. The seller is pleased to have successfully renovated and stabilized this building and they will move on to their next project.
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