17 Unit DU Apartment Building Sells for $3.125M

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Denver, CO – June 4, 2020 – AQYRE Real Estate Advisors is proud to announce the sale of 2441 S York St Denver, CO 80210 for $3,125,000. Perfect as a student rental, 2441 S York St is located between the University of Denver campus and University Avenue, and is surrounded by nearby grocery, retail, coffee shops, bars, restaurants, Light Rail and I-25.

"The property went under contract pre-Covid and through diligent efforts of all parties, we were able to navigate, inspections, appraisal, and financing, even while sheltering in place.

The buyer has strong faith in the future Denver and Denver University. He intends to renovate the remaining 4 units and will continue to provide high quality affordable student housing.”

AQYRE Principals Joe Hornstein and Scott Fetter teamed with AQYRE Advisor David Barocas to work with the seller while AQYRE Principals Matt Lewallen and Kevin Calame worked the buyer.

For more information on this investment or current market conditions, contact either Matt Lewallen at 720.738.1940 or Matt@AQYRE.com or David Barocas at 720.738.1947 or David@AQYRE.com.

SALE HIGHLIGHTS

  • Property Addresses: 2441 S York St Denver, CO 80210

  • Sale Price: $3,125,000

  • Sale Date: 06.04.2020

  • # Units: 17

  • Sale Price/Unit: $183,824

  • Building SF: 8,926

  • Sale Price/SF: $350.10

PROPERTY HIGHLIGHTS

  • 13 of the 17 units are fully renovated

  • Excellent Denver University location

  • Good parking ratio

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