Property Location: 605 26thSt., Denver, “Wise Harris Arms Apartments”
Property Description: 23-unit, two-story apartment, 12,390 sf, YOC 1889, renovated in 2017, brick construction (all one-bedroom units)
Land Size: 9,394 sf
Sales Price: $3.03M, or $131,522 per door, or $244.15 psf
Reception No.: 2019016927
Closing Date: 2/13
Grantor: 2445 Lawrence LLC (Jason Koch & Rawleigh Pyne, mbrs.)
Grantee: 606 26thStreet LLC (Steven Rosemblum, mgr.)
Financing: $2.7M payable to Clear View Capital Limited at 4%, due 24 months
Comments: Listed by Jason Koch and Adam Riddle. Twenty-Two of the units shall have rents not exceeding the lesser of fair market rent in CHFA or a rent that does not exceed 30% of the adjusted income of a family whose annual income equals 80% of the median income for the Denver area.
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.