Denver – Nexus Commercial Realty, LLC, has closed on the sale of 4101 MLK Blvd, a 7-unit multifamily property consisting of 6,176 SF for the sale price of $1,495,000. Sean Holamon of Nexus represented the Seller, Apex Real Estate Solutions, as well as the buyer, Greenbush and SXI Properties LLC.
The property sits on a large 18,700 SF lot and the unit mix consists of 4 two bed units and 3 one bed units. The Seller made major renovations to the property before taking to the market as a turn key asset with a 6+ cap return.
4101 MLK Blvd is conveniently located close to the intersection of Colorado Blvd and MLK Blvd, in North Park Hill about 1 mile from City Park and the Denver Zoo.
The Buyers were attracted to the neighborhood and the quality of work completed at the property. They plan to increase rents as leases expire to maximum their return.
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.
