Denver, CO, September 1st, 2020 – AQYRE Real Estate Advisors is pleased to announce the sale of an 3-unit multifamily property, located at 3824 S King St, Denver, Colorado for $545,000.
“This building was unique and it required the right buyer but we were able to get it to the finish line where both parties were satisfied. The past owner renovated a good portion of the building but there are still a handful of improvements to be made by the new owner which will in turn yield a high cash flowing property,” according to Dan Hawthorn, AQYRE Real Estate Advisors.
Listing brokers Dan Hawthorne & Jack Sherman represented the seller in this transaction.
For more information on this investment or current market conditions, contact Dan Hawthorne at 720-738-1941 or Dan@AQYRE.com.
SALE HIGHLIGHTS
Price: $545,000
Price/Unit: $181,667
Price/SF: $183/SF
Current Cap: 6.19%
ProForma Cap: 7.22%
Year Built: 1962
ABOUT AQYRE REAL ESTATE ADVISORS
We’re a collection of experienced real estate brokers committed to relationships built on results. We share a belief that our client’s goals take priority over our transaction results and we’ve been rewarded with long-term relationships with investors who trust us. As a brokerage, we are committed to remaining a small firm with high caliber individuals allowing investors more access to experienced advisors – we stress quality over quantity. We are not defined by our individual success; we are defined by the success of investors who we are fortunate to call clients.
