December 16, 2016 Comments Off on Southwest Denver Apartment Building Sells for $100K Per Door Views: 236 Colorado, National News, Southwest

Southwest Denver Apartment Building Sells for $100K Per Door

A New York City real estate firm, Stratford Plaza South LLC, spent $4.6 million to buy two apartment buildings in Southwest Denver from Mozart Properties.

Built in 1961 and 1962, the two three-story buildings at 2101 S. Depew St., and 5601 W. Green Meadows Pl. total 46 apartments, which now rent for an average of $650 a month. Renovated one-bedroom units in the neighborhood now rent for $975 to $1,015 per unit.

The buyer plans to spend $35,000 to $54,000 per unit to renovate the property, according to the Colorado Real Estate Journal.

Read More at Colorado Real Estate Journal

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , , ,

Comments are closed.