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Bread-and-butter apartment building snatched up by Texas investor

Denver County

Property Location: 2880 S. Federal Blvd., Denver, “Avon Apartments”

Property Description: 36-unit, three-story apartment building, 20,760 sf, YOC 1969, brick construction

Land Size: 34,164 sf

Sales Price: $3.45M, or $95,833 per door, or $166.19 per sf

Reception No.: 2016126303

Closing Date: 9/14

Grantor: Avon Apartments LLC, Carol J. Brooks, mgr., & Peter D. Robinson Trust, Robert Ray I LLP, aka PRD Properties LLP

Grantee: Spur Holding LP, Gary T. Randolph, mgr., 281-344-0225,

5610 FM 2218 Road, Richmond, TX 77469-8966

Financing: $2.76M payable to ZB, NA, dba Amegy Bank, Rosenberg, TX 77471

Comments: See APN: 05321-08-048. There are 27 one-bedroom units at 620 sf and nine two-bedroom units at 725 sf.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.