Central Denver Neighborhood Multifamily Sales (2015Q4 Report)

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Denver Apartment Buildings For Sale website published its 4th Quarter newsletter for 2015.

The purpose of this newsletter is to provide insight on the direction of the Central Denver apartment sales market and to recap the transactions that have occurred since our last newsletter was published. These transactions occurred within the 4th Quarter of 2015 (9/1/2015-12/1/2015).

Capitol Hill – Denver Apartment Building Sales:
6 properties sold ($191,135/unit Average)

10/14/2015 – 1320 S. York St. – 13 Units – Price: $2,450,000 ($188,432/Unit)
10/13/2015 – 1760 Pearl St. – 22 Units – Price: $3,400,000 ($154,545/Unit)
09/21/2015 – 849 Humboldt St. – 7 Units – Price: $1,129,000 ($161,286/Unit)
09/03/2015 – 860 Emerson St. – 14 Units – Price: $1,461,975 ($208,854/Unit)
09/02/2015 – 785 Humboldt St. – 28 Units – Price: $5,650,000 ($201,786/Unit)
09/01/2015 – 1407 E. 10th Ave – 16 Units – Price: $3,710,000($231,875/Unit)

Congress Park – Denver Apartment Building Sales:
3 properties sold ($180,104/Unit Average)

11/12/2015 – 3005-3015 E. 14th Ave.  – 15 Units – Price: $2,550,000($170,000/Unit)
11/03/2015 – 2530 E. 14th Ave. – 7 Units – Price: $1,400,000 ($200,000/Unit)
09/22/2015  – 2727-2737 E. 13th Ave – 8 Units – Price: $1,362,500 ($170,313/Unit)

Washington Park – Denver Apartment Building Sales:
2 properties sold ($188,409/Unit Average)

10/13/2015 – 215 E. Bayaud Ave. – 11 Units – Price: $2,000,000 ($181,818/Unit)
09/28/2015 – 66 S. Clarkson St.– 12 Units – Price: $2,340,000 ($195,000/Unit)

DU/SE Denver – Denver Apartment Building Sales:
6 properties sold ($112,869/Unit Average)

11/02/2015 – 2475 S. York St. – 9 Units – Price: $1,080,000($120,000/Unit)
10/15/2015 – 1230 S. Bellaire St. – 114 Units – Price: $13,340,000 ($117,018/Unit)
10/09/2015 – 1600 S. Albion St. – 15 Units – Price: $1,730,000 ($115,333/Unit)
10/09/2015 – 2105-2125 Buchtel Blvd. – 100 Units – Price: $9,000,000 ($90,000/Unit)
10/06/2015 – 1560 S. Albion St. – 18 Units – Price: $2,120,000 ($117,778/Unit)
09/17/2015 – 4630 E. Asbury Cir. – 12 Units – Price: $4,405,000 ($117,083/Unit)

 

The Dave Ramsey EntreLeadership Master Series

Kyle graduated from a rigorous week-long business course called EntreLeadership Master Series. This exclusive event was taught by Dave Ramsey to 175 business leaders from across the US.

Topics included marketing, office culture and healthy business growth.
Dave’s radio show has 12 Million listeners, his books have sold over 10 Million copies,
and his company has won BEST PLACE to work in Nashville 8 years in a row.

Here are Kyle’s 4 Key Takeaways that apply to multifamily owners:

1. Leadership isn’t a position; it’s a LIFESTYLE.

2. Hire PASSION over talent and education EVERY TIME

3. Your DESKTOP represents the organizational condition of your MIND

4. The quirky BRILLIANCE of the founder can only take you so far.

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