SOLD: 636 S. Quitman Street (12 units)

Calibrate Real Estate announces that Conner PirettiGreg Johnson and Kyle Malnati have successfully facilitated the sale of a 12-unit apartment building located at 636 S. Quitman in Denver, Colorado. This oversized 22,00 SQFT lot has incredible development potential in the rapidly expanding Morrison corridor. 

With the help of Calibrate Real Estate, the Seller will be using the funds in a 1031 Exchange on a potential of an out of state purchase. 

Marketing Brochure

See below for more details on this sale;

Denver Neighborhood: Morrison Road
Address: 636 S. Quitman Street Denver, CO. 80219
Sale Date: December 29th, 2017
Sale Price: $1,195,000
Price/Unit: $99,583.33
Price/SF: $322.97
# of Units: 12
Building Size: 3,700* SF
Lot Size: 21,088* SF
Year Built: 1952
Zoning: E-MX-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: Studio $835/Month
2: Studio $1,040/Month

3: Studio $931.66/Month

4: Studio $885/Month

5: Studio $835/Month

6: Studio $855/Month

7: 1Br/1Ba $950/Month
8: 2Br/1Ba $1,060/Month
9: 1Br/1Ba $1,040/Month
10: 1Br/1Ba $885/Month
11: 2Br/1Ba $1,000/Month
12: Studio $935/Month
Parking: $275/Month 

PROPERTY HIGHLIGHTS:
–  Great Unit Mix (2-2Br, 3-1Br, 7-Studio)
– 21,077 SF Lot – Development Potential
– 16.8% Cash-on-Cash Return
– Individual Heat and A/C
– Well Maintained Building with Updated Apartment Finishes

 

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

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