Value-add apartment building is snagged for $120,238 per door

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Arapahoe County

Property Location: 5635 S. Bannock St., Littleton, “Silverleaf Apts.”

Property Description: 21-unit, three-story apartment, 17,640 sf, YOC 1960, brick

Sales Price: $2.53M, or $143.14 psf, or $120,238 per unit

Reception No.: D8049495

Closing Date: 5/21

Grantor: John Measner

Grantee: DLT Holdings LLC

Financing: $707,000 due 11-23-2018, payable to RCL Investments Inc.

Comments: This property was listed by Phil Dankner of Unique Properties Inc. for $2.7M. There are four studios, five one-bedroom units, 11 two-bedroom units and one three-bedroom apartment. There are 18 off-street parking spaces.

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.

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