4140-4160 Federal Blvd, Denver, CO listed at $1,199,000
Date: 7/19/23
***Capital Property Group is pleased to announce the sale of 4140-4160 Federal Blvd, Denver, CO listed at $1,199,000, represented by Scott Whitfield and Paul Hanson.***
Denver, Colorado — Incredible opportunity located in the Sunnyside neighborhood.
This all brick 6-unit apartment property has a diverse unit mix with studios, one- and two-bedroom units.
Some of the property highlights include new windows, updated unit interiors, ample off-street parking and on-site laundry!
Please reach out to listing agent for the full marketing package!
PROPERTY FACTS
Price: $1,199,000
Price Per Unit: $199,833
Sale Type: Investment
Cap Rate: 4.37%
No. Units: 6
Property Type: Multifamily
Property Subtype: Apartment
Apartment Style: Low Rise
Building Class: C
Lot Size: 0.32 AC
Building Size: 3,475 SF
Average Occupancy: 100%
No. Stories: 2
Year Built: 1949
Parking Ratio: 2.3/1,000 SF
Principal of Sales
Mr. Whitfield, a Colorado Native, has vast experience in commercial sales, as well as real estate development. He began his career in Denver with a real estate investment firm, where he specialized in sophisticated, large-scale transactions involving institutional investors, pension funds, and large-scale private equity firms. Mr. Whitfield was involved in the development of several noteworthy commercial and residential properties throughout the Denver Metro Area.
Investment Advisor
Paul Hanson, an Investment advisor with Capital Property Group, is a Colorado native who specializes in multifamily sales throughout the state. Before joining Capital Property Group, Paul worked as an investment associate at a national real estate investment firm where his primary responsibilities included arranging the sale of numerous multifamily assets throughout the Denver Metro area, assisting in the production of offering memorandums, performing underwriting analysis for all asset classes, and staying up to date with the local and national real estate market. Here at Capital Property Group, his focus remains the same while Paul continues to originate new clients as well as maintain existing relationships.