Denver – Nexus Commercial Realty, LLC, has closed on the sale of University Flats at 2501 S University Blvd, a 4-unit, 2,688 sq. ft. building for the sale price of $877,800. Jason Koch of Nexus represented the Seller, UPC DU LLC, and Buyer.
University Flats was built in 1948 and has two 1bed/1bath and two 2 bed/1 bath units. The property is in the prime location on the corner of E. Harvard Ave. and S. University Blvd., near Denver University. It is also walking distance to numerous restaurants, bars, and stores.
Buyer is looking to grow rents as the areas demand continues to rise. Some capital improvements are also intended over time, but in general, the property should continue to operate as is for some time to come.
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.
