Denver – Nexus Commercial Realty, LLC, has closed on the sale of The Hill Apartments, a 23-unit multifamily property for the sale price of $3,100,000. Austin Smith of Nexus represented both buyer and seller in the transaction.
The Hill Apartments is a 14,061 square foot building that contains 23 1bd/1ba units. The building is a three-story exterior walkup with onsite laundry, storage lockers and off-street parking in front of and behind the building. The units are spacious, especially the end units, and the property has no vacancies.
The Hill Apartments are located at 2700 S. Federal Blvd, at the corner of S Federal Blvd and W Yale Ave. in the College View neighborhood of Southwest Denver. The property is centered between Highway 285 and 6th Ave. on Federal, both of which are major thoroughfares that run East/West in Denver Metro. The property is also located blocks from the Loretto Heights Redevelopment project.
The property was delivered in good condition with a new roof. The buyer plans to continue to upgrade interiors of the units and continue to provide a great living environment for the tenants that the previous owner created.
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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.
