SOLD: 1537 Gaylord Street

Calibrate Real Estate announces that Kyle Malnati, Greg Johnson, and Conner Piretti have successfully brokered the sale of a 7-unit apartment building located at 1537 Gaylord Street in Denver, Colorado. This 7-unit building has an eclectic mix of floor plans with modern updates, central location close to City Park and quick access to Downtown Denver.

With the help of Calibrate Real Estate the Seller has sold two buildings this year and is under contract for a third! The seller originally purchased the property in 2011 for $525,000, and after 6 years of owning and operating the building has now sold 1537 Gaylord with the help of Calibrate Real Estate with an appreciation of 127% or $670,000

See below for more details on this sale;

Denver Neighborhood: City Park
Address: 1537 Gaylord Street
Sale Date: August 24, 2017
Sale Price: $1,195,000
Price/Unit: $170,714
Price/SF: $339.10
# of Units: 7
Building Size: 3,524* SF
Lot Size: 6,250* SF
Year Built: 1893
Zoning: G-RO-3
*Buyer to verify accuracy of square footage. Square footage data was obtained from Denver County Assessor’s website.*

UNIT BY UNIT RENT ROLL:
#1: 1Br/1B $1,190/Month
#2: 1Br/1Ba $1,150/Month
#3: Studio $785/Month
#4: 1Br/1Ba $1,145/Month
#5: 1Br/1Ba $940/Month
#6: 1Br/1Ba $940/Month
#7: 1Br/1Ba Vacant

PROPERTY HIGHLIGHTS:
– Eclectic Property with variety of floor plans
– Central location close to City Park and quick access to Downtown
– Several units have been renovated with modern updates
– Reserved off-street parking for tenants

Calibrate Real Estate (303) 482-2828
900 E. Louisiana Ave. #203, Denver, CO 80210
http://www.CalibrateRE.com
http://www.DenverApartmentBuildingsForSale.com