SOLD: 2035 S. Josephine Street (40 Units)

Calibrate Real Estate announces the sale of a 40-unit building located just one block from the Denver University Campus in the the University Park neighborhood at 2035 S. Josephine Street. This property features a variety of 1Br and 2Br floor plans and 20 off-street parking spaces for tenants. In addition to rental income, there is an extra revenue source from a Verizon cell tower lease that Calibrate helped secure for the Seller in 2016. 

Greg Johnson & Kyle Malnati represented the Buyer in this multifamily transaction. Calibrate has represented this Buyer in a total of 7 transactions dating back to 2003. At Calibrate Real Estate we sincerely appreciate our repeat client’s and their full trust in our ability to serve them! 

Denver Neighborhood: University Park 
Address: 2035 S. Josephine St. Denver, CO 80210
Sale Date: 6/29/18
Sale Price: $6,850,000
Price/Unit: $171,250
Price/SF: $316.05
# of Units: 40
Building Size: 21,674 SF*
Lot Size: 15,000 SF*
Year Built:1967
Zoning: G-MU-5
*Reader to verify accuracy of square footage. Square footage data was obtained from Denver County Assessor’s website.*

UNIT BY UNIT RENT ROLL:
1: 1Br/1Ba $1,085/Month 
2: 1Br/1Ba $1,190/Month
3: 1Br/1Ba $1,085/Month
4: 1Br/1Ba $1,090/Month
5: 1Br/1Ba $1,140/Month
6: 1Br/1Ba $975/Month
7: 1Br/1Ba $995/Month
8: 1Br/1Ba $1,071/Month
9: 1Br/1Ba $1,190/Month
10: 1Br/1Ba $1,095/Month
11: 2Br/1Ba $1,340/Month
12: 2Br/1Ba $1,470/Month
13: 1Br/1Ba $1,240/Month
14: 1Br/1Ba $1,145/Month
15: 1Br/1Ba $993/Month
16: 1Br/1Ba $1,140/Month
17: 1Br/1Ba $1,045/Month
18: 1Br/1Ba $1,090/Month
19: 1Br/1Ba $1,045/Month
20: 1Br/1Ba $1,085/Month
21: 1Br/1Ba $1,005/Month
22: 1Br/1Ba $1,085/Month
23: 1Br/1Ba $1,140/Month
24: 1Br/1Ba $1,085/Month
25: 1Br/1Ba $1,115/Month
26: 1Br/1Ba $1,190/Month
27: 1Br/1Ba $1,240/Month
28: 1Br/1Ba $1,090/Month
29: 1Br/1Ba $1,140/Month
30: 1Br/1Ba $985/Month
31: 1Br/1Ba $1,045/Month
32: 1Br/1Ba $1,140/Month
33: 1Br/1Ba $1,050/Month
34: 1Br/1Ba $1,085/Month
35: 1Br/1Ba $1,140/Month
36: 1Br/1Ba $1,140/Month
37: 1Br/1Ba $1,015/Month
38: 1Br/1Ba $945/Month
39: 1Br/1Ba $1,015/Month
40: 1Br/1Ba $1,140/Month


PROPERTY HIGHLIGHTS:

– Turn-key financial and operational performance
– One block from the University of Denver campus 
– Mix of one and two bedroom units with mountain views
– Ample off-street parking (20 spaces)
– Verizon cell towner and on-site laundry generates additional income

calibrate210.jpg

                                                         Kyle Malnati & Greg Johnson                                                                303-358-4250 Kyle@CalibrateRE.com | 303-482-2878 Greg@CalibrateRE.com

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

One response to “SOLD: 2035 S. Josephine Street (40 Units)

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