Nexus Commercial Realty, LLC, has closed on the sale of The Norwood Apartments, a nine-unit multifamily property for the sale price of $1,375,000. Austin Smith of Nexus represented the Seller.
The property located at 85 Harlan St. in Lakewood is 7,150 SF and contains nine units. Eight of the units are 2 bedroom/1 bath units and the last unit is a 1 bedroom/1 bath unit. The building was built in 1959 and has been owned by the seller for the last twenty years.
The Norwood Apartments are located near the Belmar Shopping Center at the intersection of 1st and Harlan. The building has been very well maintained and has very little deferred maintenance to the mechanics of the property. It was delivered with a new roof and new boiler.
The buyers will have a great opportunity to renovate the interior of the units and move rents to market quickly.
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.
