Denver County
Property Location: 1432 Pennsylvania St., Denver, “Glenellen Apartments”
Property Description: Eight-unit, three-story apartment building, 8,664 sf, YOC 1919, brick construction
Land Size: 6,250 sf
Sales Price: $2.38M, or $296,875 per door, or $274.12 psf
Reception No.:2018152667
Closing Date: 11/28
Grantor: 1432 Pennsylvania Street LLC
Grantee: Eight Point Properties LP, c/o BRC Real Estate LLC (Michael Bright, 303-541-1570 or 303-495-2212)
Financing: Cash or exchange
Comments: Building was completely renovated in 2010 with individual furnaces, air conditioning, water heaters, in-units washer and dryers. There are five garages with electric openers. There has been new plumbing, wiring and drywall. This property was formerly a 15-unit apartment and sold in April 2016 for $2.08M.
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.
