Property Location: 2441 S. York St., Denver
Property Description: 17-unit, three-story apartment, 8,400 sf, YOC 1967, brick
Land Size: 6,250 sf
Sales Price: $3.1M, or $182,353 per unit, or $369.05 psf
Reception No.: 2018093792
Closing Date: 7/27
Grantor: 2441 LLC (Alan G. Hart, mgr.)
Grantee: South York Street LLC (Kurt Lochmiller, mgr.)
Financing: $1.73M payable to ZB, N.A., dba Vectra Bank Colorado
Comments: Property is located near University of Denver and was renovated in 2016 and has 10 off-street parking spaces. All the units contain one bedroom at 485 square feet each with a rental rate range of $1,020-$1,120 per month. Listed by Mark Goodman, Drew Goodman and Lindsey McGuire at Goodman Commercial, 720-440-6270. Jason Hornik of Marcus & Millichap, 303-328-2000, represented the buyer. Some of the units are renovated with new windows, stainless steel appliances, new AC. Thirteen of the units are renovated. Expenses are estimated at $3,860 per door.
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.